Montnets Cloud Technology Group Co Ltd

Mengwang Technology released its 2026 interim report, with net profit attributable to the parent company at negative 97.41 million yuan, swinging from profit to loss. Total operating revenue was 1.123 billion yuan, down 27.04% year on year. Net cash flow from operating activities was negative 81.87 million yuan, down 143.71% year on year. The company's latest debt-to-asset ratio was 50.60%, gross margin was 11.24%, ROE was negative 6.63%, and diluted earnings per share was negative 0.12 yuan.

Montnets Technology disclosed its 2026 semi-annual report. In the first half, it achieved total operating revenue of 1.123 billion yuan, down 27.04 percent year on year. Net profit attributable to the parent was a loss of 97.41 million yuan, compared with a profit of 9.24 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 106 million yuan, compared with a loss of 20.66 million yuan a year earlier. Net cash flow from operating activities was negative 81.87 million yuan, versus 187 million yuan in the prior-year period. Basic earnings per share were negative 0.12 yuan, and the weighted average return on equity was negative 6.42 percent.

Montnets Technology disclosed an earnings forecast, expecting a net loss attributable to the parent company of 80 million to 100 million yuan for the first half of 2026, compared with a profit of 9.2399 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 89 million to 109 million yuan, compared with a loss of 20.6612 million yuan a year earlier. The company attributed the decline in performance mainly to tighter regulatory policies of domestic operators, intensified price competition in traditional SMS, and slower-than-expected introduction of new 5G reading message products, leading to a continuous decline in business scale and gross margin. At the same time, slower customer payments increased the provision for bad debts on accounts receivable, and severance compensation from personnel optimization pushed up administrative expenses.