ST Hezong disclosed its 2026 semi-annual report on August 28. In the first half, it achieved total operating revenue of 788 million yuan, up 7.11 percent year on year, but net profit attributable to the parent company showed a loss of 118 million yuan, compared with a loss of 77.88 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 117 million yuan, compared with a loss of 75.28 million yuan a year earlier. Net cash flow from operating activities was 55.94 million yuan, down 66.59 percent year on year. Basic earnings per share were negative 0.11 yuan, and the weighted average return on equity was negative 193.63 percent. The company's business includes the power segment and the lithium battery cathode material segment. The power segment covers the research, development, manufacturing and sales of power distribution, power transformation and related control equipment, while the lithium battery cathode material segment focuses on the research, development, manufacturing and sales of precursors for lithium battery cathodes.
Beijing Hezong Science&Technology Co LtdNet loss widened to 118 million yuan from 77.88 million yuan a year earlier.
