China Saftower International Holding Group Limited released its unaudited results for the six months ended 30 June 2026.

Revenue and margin • Turnover fell 48.8% year-on-year to RMB 86.19 million, driven by weaker demand and tighter credit terms. • Aluminium rods dominated sales, contributing RMB 77.87 million (90% of revenue). Aluminium finished cables added RMB 1.86 million, while polymeric materials generated RMB 6.46 million. • A sharp rise in raw-material and subcontracting costs pushed the gross margin to –2.5%, versus +0.4% a year earlier, producing a gross loss of RMB 2.14 million.

Earnings • Other income rose to RMB 2.08 million (H1 2025: RMB 0.85 million) on higher rental receipts and government subsidies. • Selling and distribution expenses were cut by 66.7% to RMB 0.26 million and administrative expenses halved to RMB 6.47 million. • Finance costs declined 51.8% to RMB 1.35 million. • Loss attributable to shareholders narrowed to RMB 6.88 million from RMB 15.02 million a year earlier; basic and diluted loss per share improved to RMB 0.04 (H1 2025: RMB 0.12).

Balance sheet highlights (30 June 2026) • Total assets: RMB 107.16 million (31 Dec 2025: RMB 129.38 million). • Cash and cash equivalents: RMB 0.26 million; trade receivables: RMB 12.65 million; inventories: RMB 5.13 million. • Total liabilities: RMB 215.46 million, including short-term borrowings of RMB 45.76 million; RMB 16.73 million of borrowings were in default. • Net liabilities widened to RMB 108.30 million from RMB 100.14 million at year-end 2025. • Pledged assets (buildings and land-use rights): RMB 29.00 million.

Cash flow • Operating cash outflow: RMB 6.20 million. • Investing generated RMB 2.94 million, bolstered by a RMB 2.90 million subsidiary disposal. • Financing inflow: RMB 3.27 million, mainly shareholder advances; no new equity raised. • Period-end cash increased marginally to RMB 0.26 million.

Operational metrics • Headcount reduced to 52 from 127, cutting staff costs to RMB 1.93 million (H1 2025: RMB 3.89 million). • Capital commitments totalled RMB 6.14 million; no material contingent liabilities were reported.

Post-period event On 11 August 2026 the Group disposed of its 51% stake in Fuzhou Dasong for net proceeds of approximately RMB 0.20 million, exceeding the carrying value of the assets sold.

Dividend and outlook No interim dividend was declared. Management expects continued margin pressure amid volatile raw-material prices and tight financing, but remains focused on cost control, product innovation for renewable-energy and 6G markets, and strengthening domestic customer relationships.