Dongguan Kingsun Optoelectronic Co Ltd

Kingsun Optoelectronic disclosed its 2026 semi-annual report on August 28. In the first half of the year, total operating revenue was 183 million yuan, down 30.67 percent year on year. Net loss attributable to the parent company was 40.32 million yuan, compared with a loss of 28.12 million yuan in the same period last year. Net loss after deducting non-recurring items was 67.9 million yuan, compared with a loss of 35.55 million yuan a year earlier. Net cash flow from operating activities was negative 68.2 million yuan, versus positive 8.27 million yuan in the prior-year period. Basic loss per share was 0.0284 yuan, and the weighted average return on equity was negative 2.13 percent. The company is mainly engaged in the research, development, production and sales of smart lighting, outdoor lighting and related products.

Qinshang Shares disclosed its earnings forecast, expecting a net loss attributable to the parent company of 40 million to 60 million yuan for the first half of 2026, compared with a loss of 28.123 million yuan in the same period last year. During the reporting period, the company's sales order volume declined and construction progress slowed, with operating revenue falling about 30 percent year-on-year, leading to a decrease in overall gross profit. Affected by the continued appreciation of the renminbi, exchange losses increased. At the end of the reporting period, the company made asset impairment provisions for relevant assets showing signs of impairment.