ArtGo Holdings reported unaudited 1H26 revenue of RMB34.09 million, up 11.0% year-on-year, driven mainly by calcium carbonate sales (RMB27.31 million, 80.1% of total) and a recovery in marble stone products (RMB5.10 million).

Gross profit increased to RMB9.40 million from RMB7.79 million; the gross margin improved to 27.6% from 25.4% a year earlier. Other income and gains more than doubled to RMB4.53 million, supported by RMB3.05 million in government subsidies.

Selling and distribution expenses fell 6.0% to RMB3.04 million, while administrative expenses declined 8.7% to RMB19.57 million. No expected-credit-loss charges were booked in the period, compared with RMB2.95 million in 1H25. Finance costs rose 12.6% to RMB9.43 million owing to higher overall borrowing levels.

Loss attributable to shareholders narrowed to RMB19.29 million from RMB26.95 million in 1H25; basic and diluted loss per share stood at RMB0.14 versus RMB0.23.

Operating activities generated net cash of RMB6.81 million (1H25: cash outflow of RMB26.06 million). After investing and financing outflows, cash and bank balances totaled RMB8.61 million at end-June.

Total assets amounted to RMB931.06 million, with net current assets of RMB1.74 million and a current ratio of 1.0. Interest-bearing debt stood at RMB244.22 million, producing a gearing ratio of 45.2%. Buildings with a carrying value of RMB18.50 million were pledged against certain bank loans.

The board did not declare an interim dividend. A 10-for-1 share consolidation, approved on 29 June 2026, became effective on 2 July 2026.

Management expects the operating environment to remain challenging amid continued consolidation in China’s property sector but will focus on cost control, working-capital discipline and potential asset optimisation.