China Electronics Optics Valley Union Holding Company (798) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2026 was RMB1,254.7 million, down 14.7% year-over-year, with a net loss of RMB96.0 million versus a profit of RMB2.1 million in the prior year period.

• Industrial park operation services contributed 72.5% of total revenue, reflecting a strategic focus on integrated operations.

• Contracted value of new business rose 13% year-over-year, but sales collection dropped 28% due to macroeconomic headwinds.

Financial highlights

• Gross profit was RMB309.4 million, with a gross margin of 24.7%, down 0.3 percentage points year-over-year.

• Operating loss after fair value changes in investment properties was RMB52.9 million, compared to a profit of RMB251.6 million last year.

• Net finance costs decreased to RMB138.3 million from RMB156.2 million year-over-year.

• Impairment losses on financial and contract assets increased to RMB102.4 million, up RMB150.5 million year-over-year.

• Basic and diluted loss per share was RMB1.21 cents, compared to earnings of RMB0.02 cents per share last year.

Outlook and guidance

• The company will focus on inventory and debt reduction, asset-light transformation, and prudent project development to mitigate risks and support sustainable growth.

• Emphasis will be placed on asset capitalisation, operational transformation, and enhancing investment property management quality.