SZZT Electronics Co Ltd

SZZT Electronics disclosed its 2026 semi-annual report on the evening of August 28. In the first half, it achieved operating revenue of 518 million yuan, up 18.38 percent year on year. Net profit attributable to shareholders of the listed company was 5.72 million yuan, and non-recurring net profit was 1.71 million yuan, both turning from loss to profit year on year. Among these, IDC and cloud computing, as the existing core business, generated revenue of 349 million yuan, up 6.21 percent year on year, accounting for 67.36 percent of operating revenue, with a gross margin of 23.88 percent. The overseas fintech business became the core growth driver, with segment revenue of 123 million yuan, up 88.92 percent year on year, and a gross margin of 40.53 percent. Overseas revenue was 88.69 million yuan, up 239.54 percent year on year. The company said it is advancing an application for a public infrastructure REIT, planning to use the Changsha Cloud Valley data center as the underlying asset, in order to ease the operational pressure of its asset-heavy model.

SZZT Electronics released its 2026 interim report on August 28. In the first half of the year, the company achieved operating revenue of 518 million yuan, up 18.4 percent year on year. Net profit attributable to the parent turned from a loss of 35.61 million yuan in the same period last year to a profit of 5.72 million yuan. Net profit attributable to the parent after deducting non-recurring items turned from a loss of 36.33 million yuan in the same period last year to a profit of 1.71 million yuan. Net operating cash flow was 85.43 million yuan, down 40.4 percent year on year, and earnings per share were 0.0093 yuan. In the second quarter, the company's operating revenue was 272 million yuan, up 15.2 percent year on year. Net profit attributable to the parent turned from a loss of 28.89 million yuan in the same period last year to a profit of 3.93 million yuan, and net profit attributable to the parent after deducting non-recurring items turned from a loss of 28.58 million yuan in the same period last year to a profit of 3.54 million yuan. As of the end of the second quarter, the company's total assets were 5.673 billion yuan, up 1.6 percent from the end of the previous year, and net assets attributable to the parent were 1.784 billion yuan, up 1.3 percent from the end of the previous year. In the interim report, the company said that its main operating businesses remained stable during the reporting period. IDC and cloud computing, financial technology and other areas all maintained positive development. Demand for cabinet leasing grew, the scale of the IDC business expanded steadily, and computing power business was gradually implemented.

Zhengdian Electronics disclosed its earnings forecast, expecting to achieve a net profit attributable to the parent company of 4 million to 6 million yuan in the first half of 2026, compared with a loss of 35.6069 million yuan in the same period last year, turning from loss to profit year-on-year. The company also expects operating revenue of 500 million to 550 million yuan, and a non-recurring net profit of 1.35 million to 2 million yuan, compared with a non-recurring net loss of 36.3329 million yuan in the same period last year. The announcement said the improvement in performance was mainly due to rapid growth in overseas fintech business revenue, optimization of product pricing strategies driving higher gross margins, and steady growth in the scale of IDC cabinet leasing business.