Hanwang Technology Co Ltd

Hanwang Technology released its 2026 interim report, with net profit attributable to the parent company at negative 86.19 million yuan, a decrease of 29.46 million yuan compared with the same period last year, and the loss widened year-on-year. The company's total operating revenue was 833 million yuan, and net cash flow from operating activities was negative 219 million yuan, a year-on-year decrease of 47.22 million yuan. The asset-liability ratio was 46.80 percent, an increase of 10.11 percentage points from the same period last year; the gross margin was 41.11 percent, a year-on-year decrease of 2.45 percentage points; ROE was negative 9.97 percent, a year-on-year decrease of 4.75 percentage points. Diluted earnings per share was negative 0.35 yuan, a year-on-year decrease of 0.12 yuan.

Hanwang Technology released its 2026 half-year report, showing operating revenue of 833 million yuan, up 2.4 percent year on year, but a net loss attributable to the parent company of 86.19 million yuan, wider than the 56.73 million yuan loss in the same period last year. Net loss attributable to the parent after deducting non-recurring items was 88.37 million yuan, compared with a loss of 64.41 million yuan a year earlier. Net operating cash flow was negative 219 million yuan, down 27.5 percent year on year. In the second quarter, the company's revenue was 423 million yuan, down 0.9 percent year on year, and the net loss attributable to the parent was 43.92 million yuan, compared with a loss of 42.95 million yuan a year earlier. The company said its main businesses during the reporting period included pen-based intelligent interaction, AI smart terminals and multimodal big data, and it promoted the world's first magnetic-capacitive touch-control chip into commercial pilot use.

Hanvon Technology disclosed its earnings forecast, expecting a net loss attributable to shareholders of 75 million to 95 million yuan for the first half of 2026, compared with a loss of 56.7266 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 79 million to 99 million yuan, compared with a loss of 64.4134 million yuan a year earlier. The company said the widening loss was mainly due to rising costs and declining gross margins caused by price increases for upstream memory chips, as well as a significant year-on-year increase in exchange losses resulting from US dollar exchange rate fluctuations. In addition, the company implemented cost-cutting measures such as streamlining research and development projects and optimizing personnel, but the effect of cost control has not yet been reflected in the financial statements due to the impact of increased amortization of previously capitalized projects.