Shanghai DaZhong Public Utilities Group Co Ltd

Dazhong Public Utilities released its 2026 interim report. First-half net profit attributable to the parent was 250 million yuan, down 25.1% year on year. Operating revenue was 3.57 billion yuan, up 4.1% year on year. Net profit attributable to the parent after deducting non-recurring items was 245 million yuan, down 7.5% year on year. Net operating cash flow was 412 million yuan, down 45.9% year on year. Earnings per share were 0.0845 yuan. In the second quarter, operating revenue was 1.49 billion yuan, up 10.1% year on year, and net profit attributable to the parent was 199 million yuan, up 43.1% year on year. As of the end of the second quarter, total assets were 23.735 billion yuan, up 2.0% from the end of the previous year, and net assets attributable to the parent were 8.911 billion yuan, up 0.3% from the end of the previous year. The company said its main business has not undergone major changes and remains centered on public utilities and financial venture capital, but the market environment in the gas energy and environmental logistics industries is complex, and policy and demand changes have had a certain impact on operations. The decline in net operating cash flow was mainly due to a decrease in net cash flow from natural gas sales and purchases at subsidiary Shanghai Dazhong Gas, while an increase in sewage treatment fees and sludge disposal fees at subsidiary Dazhong Jiading had a positive impact.

Dazhong Public Utilities announced that its controlling shareholder, Dazhong Enterprise Management, released the pledge on 62 million A-shares on August 7, 2026, accounting for 11.52% of its holdings and 2.10% of the company's total share capital. At the same time, it pledged 40 million A-shares, representing 7.43% of its holdings and 1.35% of the company's total share capital. As of the announcement date, Dazhong Enterprise Management had a cumulative pledged share count of 206 million shares, accounting for 38.27% of its total holdings. In the first quarter of 2026, Dazhong Public Utilities achieved revenue of 2.108 billion yuan and a net profit attributable to the parent company of 50.83 million yuan.

Dazhong Public Utilities announced the termination of its investment in Wuxi Lvyao Venture Capital Partnership, a limited partnership, because the fund was unable to achieve the agreed investment objectives, triggering dissolution clauses. The company had originally planned to subscribe 150 million yuan as a limited partner, co-establishing Wuxi Lvyao with Dazhong Transportation and Beijing Lvdong. The proposal was approved on July 29, 2026. As of now, Wuxi Lvyao has completed business registration but has not yet completed the fund filing process and has not made any actual investments. In the first quarter of 2026, Dazhong Public Utilities achieved revenue of 2.108 billion yuan and net profit attributable to the parent company of 50.83 million yuan.