CMST Development Co Ltd

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CMST Development's 2026 interim net profit was 187 million yuan, down 54.83% year on year

CMST Development released its 2026 interim report. Total operating revenue was 37.066 billion yuan, up 25.83% year on year, but net profit attributable to the parent company was 187 million yuan, down 54.83% year on year. Net cash flow from operating activities was negative 1.072 billion yuan, a sharp year-on-year decline of 1,939.83%. The company's asset-liability ratio was 38.74%, gross margin was 3.10%, return on equity was 1.35%, and diluted earnings per share was 0.09 yuan. The number of shareholders was 79,300, and the top ten shareholders held 52.39% of total share capital.

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CMST Development Director Li Yongzhao Resigns Due to Retirement

CMST Development announced that Director Li Yongzhao has resigned from his positions as director, member of the Remuneration and Appraisal Committee, and member of the Strategy and Investment Management Committee, effective upon delivery of his resignation to the board, having reached the statutory retirement age. The company stated that his resignation will not cause the number of board members to fall below the statutory minimum, that handover work has been completed, and that a by-election will be held as soon as possible.

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CMST Development, Ningbo Port, and Others Jointly Establish Operations Management Company with Registered Capital of 500 Million Yuan

Recently, Ningbo Meishan Sanse Operations Management Company Limited was established with a registered capital of 500 million yuan. Its business scope includes sales of non-ferrous metal alloys, internet sales, and metal material sales. According to Qichacha equity penetration data, the company is jointly held by CMST Development, Ningbo Port, and others.

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