Huazhang Technology Holding Limited (1673) published its unaudited interim results for the six months ended 31 December 2025. Revenue declined by 22.6% year-on-year to RMB151.45 million. Gross profit decreased by 17.2% to RMB33.64 million, with the gross profit margin rising from 20.8% to 22.2%. The Group reported a loss of RMB22.22 million, compared to RMB6.81 million in the same period a year earlier. Loss attributable to shareholders was RMB22.36 million, translating to a loss per share of RMB1.40 cents (basic and diluted), an increase from RMB0.44 cents for the comparable period.

By segment, industrial products revenue reached RMB87.35 million, while project contracting services contributed RMB33.44 million. Environmental products business increased to RMB11.11 million in revenue, and supporting services recorded RMB18.63 million. Property investment reported RMB0.92 million in rental income. Research and development expenses stood at RMB22.39 million, reflecting the Group’s focus on product innovation.

The management stated that the paper-making industry’s shift towards green, intelligent, and higher-end equipment remained a driving force, creating opportunities and challenges in securing contracts and expanding business scope. The Group highlighted key project wins, including permanent magnet direct-drive systems for large-scale paper machines, and cited overseas orders to facilitate further expansion. Emphasis on integrated solutions and collaboration with industry partners was also noted. No interim dividend was declared for the reporting period.