Shenzhen MeiG Smart Technology Co Ltd

MeiG Smart Technology released its 2026 interim report. Total operating revenue was 2.025 billion yuan, and net profit attributable to the parent company was 106 million yuan. Net cash flow from operating activities was negative 265 million yuan, a decrease of 181 million yuan compared with the same period last year. The company's asset-liability ratio was 42.28%, gross margin was 18.21%, return on equity was 3.80%, and diluted earnings per share was 0.38 yuan. The number of shareholders was 46,100, and the top ten shareholders held 63.47% of total share capital.

MeiG Smart Technology announced that its board of directors has approved a proposal to terminate the Xi'an R&D Center construction project. The remaining raised funds of 44.353 million yuan will be redirected to the 5G plus AIoT module and solutions industrialization project, which will be integrated and adjusted into the AI R&D and Advanced Manufacturing Industry Project. The total investment will increase to 571 million yuan, with 437 million yuan planned to come from raised funds, and the construction period extended to December 2030. The proposal still needs to be submitted to the shareholders' meeting for approval.