Wuxi Double Elephant Micro Fibre Material Co Ltd

Shuangxiang Shares disclosed its 2026 semi-annual report. Net profit attributable to the parent company in the first half was 81.207 million yuan, down 39.58 percent year on year. The company achieved operating revenue of 1.202 billion yuan, down 1.11 percent year on year, while net profit attributable to the parent company excluding non-recurring items was 66.7327 million yuan, down 44.97 percent year on year. The decline in performance was mainly due to lower gross margins at wholly owned subsidiaries Chongqing Optics, Suzhou Optics and Wuxi Optoelectronics, as well as increased exchange losses caused by RMB appreciation. Financial expenses surged 488.33 percent year on year to 8.654 million yuan. The optical-grade PMMA and MS materials business, which accounted for 65.09 percent of revenue, posted revenue of 782 million yuan, down 10.27 percent year on year, with gross margin falling 4.59 percentage points to 14.10 percent. Revenue from the core product PMMA was 592 million yuan, down 18.86 percent year on year. Net cash flow from operating activities was only 14.2597 million yuan, down 84.82 percent year on year, while inventory rose 24.79 percent from the beginning of the period to 456 million yuan.