Yinchuan Xinhua Commercial Group Co Ltd

Xinhua Department Store released its 2026 interim report, with net profit attributable to the parent company of 68.5896 million yuan, a decrease of 20.25% compared with the same period last year. The company's total operating revenue was 3.264 billion yuan, a slight increase of 0.29% year-on-year; net cash inflow from operating activities was 578 million yuan, down 8.59% year-on-year. The company's latest asset-liability ratio was 74.25%, gross margin was 23.88%, and diluted earnings per share was 0.22 yuan, down 42.11% year-on-year.

On the evening of August 20, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important positive announcements. Tengyuan Cobalt plans to invest 18 million US dollars in the Democratic Republic of the Congo to build an annual production capacity of 160,000 tonnes of sulphuric acid from sulphur and a supporting power generation project. Zhaochi Holdings plans to invest up to 38.33 million US dollars to build a production base in Mexico. Han's CNC plans to invest up to 180 million US dollars in Malaysia to build a PCB special equipment project, and disclosed first-half net profit of 957 million yuan, up 263.45 percent year on year. Shanghai Sinyang adjusted the production capacity layout of its Shanghai Chemical Industry Park construction project and increased investment, with the project's estimated total investment adjusted from 580 million yuan to 1.05 billion yuan. Tuojing Technology's first-half net profit rose 1,324.1 percent year on year, and it plans to pay a cash dividend of 3.5 yuan per 10 shares. Han's Laser's first-half net profit was 1.288 billion yuan, up 163.84 percent year on year, and it plans to increase the investment limit for its Southeast Asia overseas operations centre project to 265 million US dollars. Ping An Insurance's first-half net profit attributable to the parent company was 92.585 billion yuan, up 36.1 percent year on year. Xinhua Department Store's first-half net profit fell 20.25 percent year on year, and it plans to buy back shares worth 200 million to 400 million yuan. A subsidiary of Wuhan Tianyuan Holdings plans to invest 404 million yuan to build an energy storage project.

The share transfer agreement between Xinhua Department Store’s controlling shareholder Wumart Technology and Hangzhou Jingqi and Xiamen Lianxinmei has been terminated, bringing the roughly 293 million yuan deal to an end. Wumart Technology had originally planned to transfer a total of about 22.56 million shares at 13.00 yuan per share, representing 10 percent of the listed company’s total share capital, with each transferee taking 5 percent. However, the share transfer registration procedures were never completed. The two transferees were established on 8 January and 9 January this year respectively, and their main businesses differ significantly from Xinhua Department Store’s core retail operations. Market rumours had circulated that assets such as chips would be injected, causing the company’s share price to surge from mid-January to early February, briefly hitting a high of 19.76 yuan per share. Xinhua Department Store repeatedly clarified that no asset injection was taking place, but investor attention remained high. With the agreement now terminated, the share price has fallen back to 9.51 yuan per share, almost erasing all gains made this year.