Bei Jing Shang Bao·2025-09-04 16:11Core Viewpoint - Under the leadership of entrepreneur Yan Zhi, Zall Holdings has become a well-known comprehensive enterprise group, with its main businesses including trade logistics and intelligent manufacturing. The performance of its three listed companies has shown divergence in the first half of 2025, with Zall Intelligent Network performing the best, while the other two A-share companies showed weaker results [1][2]. Group 1: Company Performance - Zall Intelligent Network achieved a revenue of approximately 90.92 billion yuan, a year-on-year increase of 33.17%, and a net profit of about 97.05 million yuan, up 94.82% year-on-year [2]. - Han Commercial Group reported a revenue of approximately 513 million yuan, a year-on-year decline of 18.06%, and a net profit of about 1.62 million yuan, down 80.95% year-on-year [2]. - Huazhong CNC's revenue was approximately 554 million yuan, a year-on-year decrease of 11.91%, with a net loss of about 81.45 million yuan, although it showed a reduction in losses compared to the previous year [2][3]. Group 2: Financial Ratios - Zall Intelligent Network's total assets were 69.78 billion yuan, with total liabilities of 55.40 billion yuan, resulting in an asset-liability ratio of 79.39% [4]. - Huazhong CNC had total assets of 4.45 billion yuan and total liabilities of 2.76 billion yuan, leading to an asset-liability ratio of 62.12% [4]. - Han Commercial Group's total assets were 3.42 billion yuan, with total liabilities of 1.62 billion yuan, resulting in an asset-liability ratio of 47.4% [4]. Group 3: Business Strategies and Developments - Han Commercial Group is advancing a dual business strategy of "big health + big commerce," focusing on pharmaceuticals, medical devices, and commercial operations [5]. - Zall Intelligent Network is involved in wholesale trade, supply chain management, and logistics, with sales costs increasing from approximately 67.91 billion yuan to about 90.64 billion yuan, a growth of over 30% [5]. - Zall Holdings has been recognized in various rankings, including being listed 46th in the 2025 China Private Enterprises 500 and 160th in the 2025 Fortune China 500 [6]. Group 4: Market Capitalization - As of September 3, Huazhong CNC had a market capitalization of 5.883 billion yuan, Han Commercial Group had 2.9 billion yuan, and Zall Intelligent Network had a market capitalization of 1.612 billion Hong Kong dollars, totaling approximately 10.26 billion yuan [7].