Shenzhen Genvict Technologies Co Ltd

Genvict Technology released its 2026 interim report. First-half operating revenue was 183 million yuan, down 10.0 percent year on year, while net profit attributable to the parent swung from a loss of 11.82 million yuan a year earlier to a loss of 39.01 million yuan. Second-quarter operating revenue was 80.1 million yuan, down 32.7 percent year on year, and the net loss attributable to the parent was 13.8 million yuan, further widening the loss. As of the end of the second quarter, total assets were 2.435 billion yuan, down 4.2 percent from the end of the previous year, and net assets attributable to the parent were 2.002 billion yuan, down 1.9 percent from the end of the previous year. The company said its operations continue to deepen in the smart transportation sector, and its thermal management business has begun deliveries, which is expected to become a new growth driver in the future.

Genvict Technology announced that its controlling shareholder Minxing Electronics has released 1 million pledged shares, representing 3.27% of its holdings and 0.57% of the company's total share capital. As of the announcement date, Minxing Electronics has a cumulative pledged share count of 15.01 million shares, accounting for 49.03% of its total holdings and 8.48% of the company's total share capital. The company reported first-quarter 2026 revenue of 102 million yuan and a net loss attributable to the parent company of 25.22 million yuan.

Genvict Tech announced that its controlling shareholder Minxing Electronics released the pledge on 6.67 million shares it held, accounting for 21.79% of its holdings and 3.77% of the company's total share capital, while simultaneously re-pledging the same number of shares. As of the announcement date, Minxing Electronics and its concert parties had cumulatively pledged shares representing 47.61% of their holdings and 10.14% of the company's total share capital. In the first quarter of 2026, Genvict Tech achieved revenue of 102 million yuan and a net loss attributable to the parent company of 25.22 million yuan.

Genvict Technologies disclosed an earnings forecast, estimating a net loss attributable to shareholders of 38 million to 48 million yuan for the first half of 2026, compared with a loss of 11.8163 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 59 million to 69 million yuan, versus a loss of 21.2502 million yuan a year earlier. The company said revenue from traditional businesses is under pressure, while emerging businesses such as digital energy and low-altitude intelligent connectivity are still in the incubation stage, with continued heavy investment in research and development and marketing yet to generate significant revenue, leading to an overall decline in performance.