Qujiang swings to paper profit but core losses and legal troubles persist
Regulatory crackdown on disclosure failures The Shaanxi Securities Regulatory Bureau ordered Qujiang to fix undisclosed related-party deals and weak internal controls, with warning letters for six executives. This hurts trust and could lead to fines, weighing on the stock.
This is a new regulatory action that directly threatens the company's reputation and finances.
First-half profit turnaround, but mostly one-off gains Qujiang reported a net profit of 6.81 million yuan for H1 2026, reversing a loss. However, excluding one-time items, it still lost 59.95 million yuan. The profit came from cost cuts and a 54.77 million yuan reversal of bad-debt provisions, not core operations.
This is the key financial result for the period, showing a headline profit but underlying weakness.
Failed share auctions and judicial sale of controlling shareholder's stake Two auctions of Qujiang shares fell through because buyer Qujiang Financial Control defaulted, risking over 12 million yuan in lost deposits. Separately, 3 million shares held by the controlling shareholder will be judicially auctioned due to a contract dispute, signaling financial stress.
These events show ongoing legal and financial troubles that could pressure the stock.