You'an Design released its 2026 interim report. Affected by continued adjustment in the downstream real estate market and intensifying industry competition, the company's operating revenue was 48 million yuan, down 43.95 percent year on year. Net profit attributable to the parent company was a loss of 15 million yuan, with the loss widening by 26.51 percent year on year. Net profit attributable to the parent company after deducting non-recurring items was a loss of 17 million yuan, with the loss narrowing by 17.66 percent year on year. Net cash flow from operating activities was 8 million yuan, down 83.12 percent year on year. Revenue from residential building design and consulting was 24 million yuan, down 38.97 percent year on year, with a gross margin of 32.22 percent, down 14.42 percentage points year on year. Revenue from public building design and consulting was 11 million yuan, down 48.52 percent year on year, with a gross margin of 17.94 percent, down 16.59 percentage points year on year. The company's credit impairment loss was negative 91 million yuan, a significant year-on-year reduction. Debt restructuring gains of 8 million yuan and investment income of 16 million yuan provided some support to profit. Receivables from the top five customers accounted for more than 50 percent of the total, with Greenland Holdings accounting for nearly 40 percent, posing a relatively high bad debt risk.
Shanghai Urban Architecture Design Co. Ltd.Company's interim report shows revenue down 43.95% and net loss widened by 26.51%.
Greenland Holdings Corp LtdGreenland Holdings accounts for nearly 40% of receivables, posing high bad debt risk due to real estate downturn.
