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ST Zhanggu (002598.SZ): The Roots gas drainage pumps manufactured by the company can be used for methane extraction and discharge in underground coal mines.
Gelonghui, June 8 — ST Zhanggu (002598.SZ) stated on an investor interaction platform that the Roots gas drainage pumps manufactured by the company can be used for underground coal mine gas extraction and discharge. Its equity investee, Jin Mayi, provides underground transportation equipment and coal bunker safety management systems.
Shandong Zhanggu's attributable net profit for 2025 was RMB 63.115 million, a year-on-year decrease of 19.46%, while operating cash flow surged by 619.61%.
The company's revenue and net profit both declined in 2025, with the non-GAAP net profit dropping by 24.27%, putting pressure on core business profitability; operating cash flow surged by 619.61%, but the increase in the sales expense ratio and a sharp rise in financial expenses weighed on the net profit margin; internal control failures led to an adverse opinion being issued, resulting in the imposition of ST status, combined with regulatory penalties, damaging the credibility of ongoing operations.
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ST Zhanggu: Financial Statements and Related Notes Following the Correction of Prior-Period Accounting Errors
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