CR HOLDINGS (01911) announced its interim results, with a profit attributable to owners of 40.472 million yuan, a year-on-year decrease of 37.72%.

CR HOLDINGS (01911) announced its mid-term results for 2026, reporting total revenue of approximately 412 million yuan, a year-on-year decrease of 3.05%; total revenue and net investment income amounted to approximately 494 million yuan, a year-on-year increase of 8.2%. The profit attributable to company owners was 40.472 million yuan, a year-on-year decrease of 37.72%; adjusted net profit attributable to company owners was 10.989 million yuan, a turnaround from loss to profit year-on-year. In the first half of 2026, the investment banking business showed significantly enhanced growth momentum. During the reporting period, investment banking achieved total revenue of approximately 91 million yuan, a year-on-year increase of 31.4%. Artificial intelligence and embodied intelligence remain key areas of business advantage, with a total of 18 related transactions completed in the first half of 2026, accounting for 75% of private financing project numbers and approximately 76% of transaction scale. At the same time, the business coverage has further extended to emerging frontier fields such as AI4S (scientific intelligence), brain-computer interfaces, quantum computing, and commercial aerospace. In the areas of mergers and acquisitions and cross-border capital markets, the Group continues to accumulate projects and execution experience around industrial integration and strategic transactions, further enriching the scenarios of Hong Kong and U.S. stock IPOs, refinancing, ATM, and other capital market products and services. Through continuous optimization of team structure and resource allocation, the operating costs of the investment banking business decreased by 17.4% year-on-year, and it re-achieved operating profitability during the reporting period, with improved operational efficiency of CKH HOLDINGS gradually translating into more sustainable profitability. The investment management business continues to focus on project exits, improving DPI, and realizing accompanying rights. As of June 30, 2026, the Group's assets under management were approximately 26.8 billion yuan. During the reporting period, the fund completed full or partial exits from multiple projects, with exit amounts of approximately 1.1 billion yuan. In addition to exit through listings, the Group continuously promotes asset exits through diverse methods such as repurchases, mergers, and equity transfers in the primary market, with the number of non-listed exit projects accounting for more than half of the total exit projects during the reporting period. With the continuous advancement of exit work, 5 out of 11 main funds and several project funds have achieved DPI exceeding 100% and crossed the threshold return rate to realize accompanying rights. In the first half of 2026, the Group recognized accompanying rights of approximately 150 million yuan, with cumulative realized accompanying rights of approximately 1.4 billion yuan. As of the end of the reporting period, cumulative unrealized total accompanying rights were approximately 1.2 billion yuan, corresponding to net accompanying rights of approximately 300 million yuan. During the reporting period, the total revenue and net investment income of the investment management business were approximately 188 million yuan, maintaining stable operating profitability. At the same time, the Group continued to streamline its operational structure and enhance management efficiency, with related operating expenses significantly declining year-on-year, aligning resource allocation with its existing fund management scale. Huaxing Securities further demonstrated the effectiveness of business structure optimization and operational efficiency improvement during the reporting period. In the first half of 2026, Huaxing Securities achieved total revenue and net investment income of approximately 181 million yuan, a year-on-year increase of 40.3%, and realized operating profit of approximately 8.4 million yuan, laying a solid foundation for annual profitability. Retail and brokerage businesses continued to maintain rapid growth, achieving revenue of approximately 78 million yuan in the first half of 2026, a year-on-year increase of 36%. As of the end of the reporting period, the DuoDuoJin App had approximately 640,000 registered users, an increase of 12% compared to the end of 2025, with the number of customers growing by 11% compared to the end of 2025 and customer asset scale increasing by 23% compared to the end of 2025, continually enhancing the customer base and asset accumulation. The asset management business maintained rapid growth driven by investment research capabilities and product system development, while wealth management also steadily commenced during the reporting period. At the same time, Huaxing Securities continued to optimize its proprietary fund allocation, diversifying risks and enhancing fund utilization efficiency through multi-assets and multi-strategy approaches, including fixed income, FOF (Fund of Funds), and quantitative strategies, while continuously deepening its focus on hard technology investment banking and specialized institutional research business. With the collaborative development of key businesses, Huaxing Securities' revenue structure was further optimized, and its operational quality and profitability resilience continued to strengthen.