Shandong Shengli Co., Ltd. reported mixed but improving first-half 2026 results, with revenue at 2.003 billion yuan, down 7.21% year-on-year, while net profit attributable to shareholders of the listed company rose 13.73% to 101 million yuan and non-GAAP net profit increased 13.91% to about 100 million yuan. Basic earnings per share were 0.1143 yuan, weighted average ROE (return on equity, a measure of profit generated on shareholders' capital) was 3.26%, and net operating cash flow (cash generated from core business operations) reached 1.8793 million yuan, up 101.37% year-on-year, signaling a turnaround or significant recovery in cash generation. The company attributed the profit growth to a restructuring of its business mix, including trimming low-margin trading, concentrating on its core clean energy segment, stronger associate investment income and tighter cost controls. Total assets stood at 6.094 billion yuan at the end of the period, while net assets attributable to shareholders of the listed company were 3.118 billion yuan. Against a backdrop of slower demand growth in China's gas sector, the company said profitability improved more through structural optimization than scale expansion, with investors likely to watch the pace of clean energy expansion and whether a second growth curve can support future revenue.