Yuanyuan Shares released its 2026 interim report on August 30. Relying on its traditional municipal landscaping business and its emerging semiconductor storage business as dual growth drivers, the company continued to post losses during the reporting period, though the losses narrowed. At the same time, it entered the semiconductor sector through acquisitions, and its second growth curve has begun to take shape, but operating cash flow is under clear pressure. Financial data show that during the reporting period, the company achieved operating revenue of 261 million yuan, down 9.43 percent year on year. Net profit attributable to the parent company was negative 71.07 million yuan, narrowing the loss by 4.52 percent year on year. Net profit after deducting non-recurring items was negative 75.40 million yuan, narrowing the loss by 1.09 percent year on year. Net cash flow from operating activities was negative 121 million yuan, with the net outflow expanding by 34.87 percent compared with the same period last year. In terms of business structure, the company has formed a dual-main-business pattern of municipal landscaping plus semiconductor storage. Among these, the semiconductor storage business achieved operating revenue of 114 million yuan, accounting for 43.78 percent of total revenue, mainly contributed by the controlling subsidiary Yunhai Technology, which achieved net profit of 6.63 million yuan. The traditional municipal landscaping engineering business was proactively scaled back, resulting in no significant growth in overall revenue. Looking ahead, the development of artificial intelligence technology is driving an upcycle in the semiconductor storage industry, providing market opportunities for the company's new business, but the company still faces risks such as slow collection of accounts receivable and working capital pressure.
Nanjing Yunhai Special Metals Co LtdControlling subsidiary Yunhai Technology contributed 114 million yuan of semiconductor storage revenue and 6.63 million yuan net profit, narrowing the group's loss.
Hangzhou Landscaping Incorporated