Shenzhen Fenda Technology Co Ltd

Fenda Technology released its 2026 interim report, showing first-half net profit attributable to the parent of 3.66 million yuan, down 78.6% year on year, while operating revenue rose 6.9% to 1.347 billion yuan. In the second quarter, operating revenue was 786 million yuan, up 56.9% year on year, and net profit attributable to the parent swung to a profit of 19.53 million yuan from a loss of 23.36 million yuan in the same period last year. As of the end of the second quarter, total assets stood at 4.466 billion yuan, down 0.7% from the end of the previous year. The company said that due to geopolitical conflicts, the energy crisis and other factors, the operating environment is complex, and it has adjusted its management team and expanded into domestic and overseas markets. During the reporting period, sales revenue from electroacoustic products fell 3.12% year on year, revenue from health appliance business fell 13.04%, sales revenue from smart wearables rose 3.13%, and revenue from smart door locks edged down 0.93%.

Fenda Technology disclosed an earnings forecast, expecting attributable net profit for the first half of 2026 to be between 2.6 million yuan and 3.6 million yuan, a year-on-year decline of 78.93% to 84.78%. Deducted non-recurring net profit is expected to show a loss of 7 million yuan to 8 million yuan, compared with a profit of 3.2424 million yuan in the same period last year. The company said that although revenue grew year-on-year, upstream raw material prices rose more than expected and the pass-through to downstream was delayed, adversely affecting profit. At the same time, the continued appreciation of the renminbi led to increased exchange losses, and financial expenses rose year-on-year.