SHENGUAN HLDGS (00829) announced its interim results, with a loss attributable to owners of the parent company amounting to 44.9 million yuan, an increase of 10.5% compared to the same period last year.

SHENGUAN HLDGS (00829) announced its interim results for 2026, with revenue of approximately 456 million yuan, an increase of 2.7% year-on-year; the loss attributable to equity holders of the parent company was 44.9 million yuan, an increase of 10.5%; and the basic loss per share was 1.39 cents. The announcement stated that the loss was primarily due to prudent write-offs and provisions for certain inventories during the period. This move is a non-cash adjustment aimed at timely absorbing historical inventory, optimizing asset quality, and laying a foundation for a lighter future. Currently, the group's production operations and cash situation remain stable. Looking ahead to the second half of the year, management will implement stricter inventory control to fully enhance operational efficiency.