Dongguan Chitwing Technology Co Ltd

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Jierong Technology reports net loss of 38.84 million yuan in 2026 interim report

Jierong Technology released its 2026 interim report, showing total operating revenue of 604 million yuan, down 25.68% year on year, and a net loss attributable to the parent company of 38.84 million yuan. Net cash flow from operating activities was negative 176 million yuan, down 276.77% year on year. The asset-liability ratio rose to 90.37%, gross margin was 12.85%, return on equity was negative 20.98%, and diluted earnings per share was negative 0.16 yuan. The number of shareholders stood at 28,400, with the top ten shareholders holding 65.37% of total share capital.

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Apple's Foldable Phone Approaches as Consumer Electronics Sector Surges Against the Market

The consumer electronics sector moved sharply higher in intraday trading on August 25, led by the foldable phone theme. Jierong Technology hit its daily limit up in a straight line, Hengmingda sealed limit up, and Xingxing Technology and Lvliang Technology rose more than 10%. On the news front, Apple is expected to hold a special autumn event on September 9, launching only three high-end models: the iPhone 18 Pro, iPhone 18 Pro Max, and its first foldable iPhone, while the standard iPhone 18 will be delayed until spring 2027. Analysts at Rothschild & Co. expect Apple's push into the ultra-high-end foldable phone segment could lift the iPhone average selling price by 11% before June 2027, with iPhone Ultra foldable phone sales reaching 14 million units in fiscal 2027. National Bureau of Statistics data show that from January to July 2026, retail sales of wearable smart devices by enterprises above designated size more than doubled year on year, while retail sales of communication equipment rose 15.1%. Furi Electronics' 2026 interim report shows first-half revenue of 7.923 billion yuan, up 48.57% year on year, with net profit attributable to the parent of 83.3497 million yuan, up 277.41% year on year. A research note from CITIC Securities points out that in the third quarter of 2026, the quarter-on-quarter increase in consumer-grade storage contract prices will narrow significantly, and shipments of traditional hardware such as phones and PCs are expected to bottom out and recover in the second half of 2026, making targets with high exposure to the Apple supply chain and premium Android business worth close attention.

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Jierong Technology Expects a Loss of 32 Million Yuan in the First Half of 2026

Jierong Technology disclosed its earnings forecast, expecting a net loss attributable to the parent company of 32 million yuan in the first half of 2026, compared to a loss of 197 million yuan in the same period last year, with the loss scale significantly narrowing year-on-year. The company expects to achieve operating revenue of 620 million yuan in the same period, a year-on-year decrease of 23.69 percent. The non-recurring net loss is expected to be 56 million yuan, compared to a loss of 203 million yuan in the same period last year. Basic earnings per share are expected to be negative 0.1299 yuan per share. The company stated that during the reporting period, it continued to promote operational improvements, optimized business layout and order structure, and implemented measures such as process upgrades, cost reduction and efficiency enhancement, thereby narrowing the loss margin.

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