Shenghui Cleanness reported consolidated revenue of RMB364.90 million for the six months ended 30 June 2026, up 1.7% year-on-year. Property-cleaning contracts remained the core business, contributing 95.7% of turnover, while public-space cleaning accounted for 4.3%.
Cost of services climbed 6.8% to RMB319.00 million on higher employee benefits and subcontracting fees. As a result, gross profit fell 23.7% to RMB45.90 million and the gross margin narrowed to 12.6% from 16.8% a year earlier.
Selling and marketing expenses dropped 46.5% to RMB2.30 million, but general and administrative expenses surged 49.5% to RMB32.30 million. Net finance expense totalled RMB0.77 million versus a marginal income in the prior period. The absence of last year’s fair-value loss on financial assets lifted net profit to RMB12.95 million, a 63.1% increase, raising the net margin to 3.5%.
Cash and cash equivalents stood at RMB50.40 million at end-June, while total borrowings, including lease liabilities, reached RMB88.60 million. The current ratio stayed at 2.2 and the gearing ratio at 18.8%. Net assets grew to RMB472.20 million. Operating activities used RMB22.64 million of cash; capital expenditure was RMB1.30 million.
Strategic initiatives include: • A non-binding framework signed on 17 July with Hanshu Capital to explore an M&A fund targeting China Water Environment Group and to develop AI-based smart-water ventures. • A cooperation agreement on 31 July with the Research Institute of Tsinghua University in Shenzhen to launch a joint innovation centre focused on industrial embodied intelligence and digital automation for the water sector.
On 24 July, Prosperity Cleanness Investment Holdings disposed of 175.48 million shares, reducing its stake from 30.1% to 21.1% and relinquishing controlling-shareholder status.
Management plans to leverage its Guangdong base to expand both organically and via acquisitions across the Greater Bay Area, while accelerating a pivot toward technology-enabled environmental solutions to diversify revenue and enhance long-term growth.