Zhonglan Environmental Technology released its 2026 interim report. Total operating revenue was 242 million yuan, down 16.94 percent year-on-year. Net profit attributable to the parent company was 7.33 million yuan. Net cash flow from operating activities was 74.43 million yuan. The latest asset-liability ratio stands at 36.76 percent, up 1.90 percentage points from the previous quarter. The company's latest gross margin is 22.76 percent, down 4.87 percentage points quarter-on-quarter and down 1.53 percentage points year-on-year. The latest return on equity is 0.82 percent. Diluted earnings per share were 0.07 yuan. Total asset turnover was 0.17 times, down 5.02 percent year-on-year. Inventory turnover was 9.60 times. The number of shareholders is 8,657. The top ten shareholders hold 72.30 million shares, accounting for 51.61 percent of the total share capital.
ShenZhen GAD Environmental Technology Co. Ltd.Revenue down 16.94% YoY, gross margin and ROE declining, indicating weaker financial performance.