• Hengdeli posted a net loss of RMB 33.97 million, swinging from a profit a year earlier.
• Revenue fell 19.4% to RMB 253.49 million, dragged by commodity trading revenue plunging 95.1% to RMB 3.23 million.
• Gross margin edged down 0.2 percentage point to 20.3%, while high-end consuming accessories revenue rose 0.9% to RMB 250.26 million.
• Loss attributable to equity shareholders widened to RMB 31.83 million, on lower sales, higher associate losses, and weaker bank interest income.
• Management flagged continued pressure in high-end consuming accessories, while planning steady expansion in international trade and shipping in 2H.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hengdeli Holdings Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260907-12322850), on September 07, 2026, and is solely responsible for the information contained therein.