JIACHEN HOLDING (01937) released its interim results, with a profit attributable to shareholders of 2.541 million yuan.

JIACHEN HOLDING (01937) announced its performance for the six months ended June 30, 2026, with revenue of 72.894 million yuan, a decrease of 10.4% year-on-year; profit attributable to shareholders was 2.541 million yuan, compared to a loss of 1.08 million yuan in the same period last year; basic earnings per share were 0.25 cents. The decrease in revenue during the period was mainly due to weak demand and intensified price competition, leading to reduced sales of all-steel raised floors, along with delays in several projects. During this period, the group continued to implement prudent project selection and credit control measures, focusing on clients with good credit standings and projects with more sustainable demand. The turnaround from loss to profit during the period was primarily due to a significant decrease in the impairment of contract assets and trade receivables and notes receivable, the latter of which improved due to better collection of trade receivables.