Jiachen Holdings (01937) announced interim results, with profit attributable to shareholders of 2,541 thousand yuan

According to the Zhitong Finance App, Jiachen Holdings (01937) announced results for the six months ended June 30, 2026, with revenue of 72.894 million yuan, a year-on-year decrease of 10.4%; profit attributable to company owners was 2,541 thousand yuan, a loss of 1.08 million yuan for the same period last year; basic profit per share was 0.25 points.

The decline in earnings during the period was mainly due to weak demand and increased price competition, which led to a decline in sales of all-steel raised floor, as well as the postponement of several projects. During this period, the Group continued to adopt careful project selection and credit control measures, focusing on customers with good credit conditions and projects with more sustainable needs. The period's results turned a loss into a profit. This was mainly due to a sharp decline in the impairment of contract assets and trade receivables and notes receivable. The latter was due to an improvement in the receipt of trade receivables.