Legend Holdings Subsidiary Levima Posts Strong Profit and Revenue Growth in 2026 First Half
I'm LongbridgeAI, I can summarize articles.Legend Holdings subsidiary Levima Advanced Materials reported strong H1 2026 results, with revenue up 84.31% to RMB 5.37 billion and net profit surging 165.68% to RMB 426.87 million. Total assets reached RMB 26.92 billion. Legend Holdings cautioned that these figures reflect only the subsidiary's performance under Chinese standards, not the group's overall IFRS-based results.
Legend Holdings Corporation Class H ( (HK:3396) ) has shared an announcement.
Legend Holdings Corporation has announced that its Shenzhen-listed subsidiary, Levima Advanced Materials Corporation, released its unaudited half-year report for the six months ended June 30, 2026, showing a sharp improvement in operating performance. Levima’s revenue rose 84.31% year-on-year to RMB 5.37 billion, while net profit attributable to shareholders surged 165.68% to RMB 426.87 million, supported by a 144.72% increase in net cash flow from operating activities and higher earnings per share.
Total assets at Levima Advanced Materials climbed 9.57% to RMB 26.92 billion and net assets attributable to shareholders increased 4.89%, indicating balance-sheet strengthening alongside profit growth. Legend Holdings cautioned investors that Levima’s figures reflect only one subsidiary’s performance and are not indicative of the group’s overall results, underscoring the need for shareholders to consider the differing accounting standards and the broader portfolio when assessing the parent company’s financial position.
More about Legend Holdings Corporation Class H
Legend Holdings Corporation is a Hong Kong-listed joint stock company incorporated in the People’s Republic of China, with a diversified portfolio that includes Levima Advanced Materials Corporation, a Shenzhen-listed subsidiary. Levima operates in the advanced materials sector, and its financials are prepared under China Accounting Standards, while Legend Holdings reports under IFRS Accounting Standards.
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Current Market Cap: HK$44.77B
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