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Xiangxin Technology posts first-half loss of 19.48 million yuan, operating cash flow net at minus 99.76 million yuan
Xiangxin Technology released its 2026 half-year report. First-half revenue was 4.28 billion yuan, up 19.9 percent year on year, but net profit attributable to the parent was a loss of 19.48 million yuan, down 117.3 percent year on year. Second-quarter revenue was 2.37 billion yuan, up 22.3 percent year on year, while net profit attributable to the parent was a loss of 2.41 million yuan, down 109.1 percent year on year. As of the end of the second quarter, total assets were 9.521 billion yuan, up 1.2 percent from the end of the previous year, and net assets attributable to the parent were 4.189 billion yuan, down 1.7 percent from the end of the previous year. The company's main business has not undergone major changes. Its main products include precision stamping dies for automobiles, power battery enclosures, and photovoltaic inverters. Research and development spending was 210 million yuan, accounting for 4.91 percent of revenue and up 28.91 percent year on year.