Guangdong Tecsun Science & Technology Co Ltd

Tecsun Science & Technology released its 2026 interim report, with net profit attributable to the parent company at negative 26.32 million yuan, swinging from profit to loss. Total operating revenue was 217 million yuan, down 12.55 percent year on year. Net cash flow from operating activities was negative 106 million yuan. The latest gross margin was 34.82 percent, down 10.39 percentage points from the same period last year. Diluted earnings per share were negative 0.06 yuan.

Techsun Technology disclosed its 2026 semi-annual report. In the first half of the year, it achieved total operating revenue of 217 million yuan, down 12.55 percent year on year. Net loss attributable to the parent was 26.32 million yuan, compared with a profit of 8.87 million yuan in the same period last year. Net loss after deducting non-recurring items was 28 million yuan, compared with a profit of 6.73 million yuan a year earlier. Net cash flow from operating activities was negative 106 million yuan, compared with negative 150 million yuan in the prior-year period. Basic loss per share was 0.0617 yuan, and the weighted average return on equity was negative 2.41 percent. Based on the closing price on August 21, the company's price-to-earnings ratio on a trailing twelve-month basis was about negative 114.06 times, its price-to-book ratio was about 2.83 times, and its price-to-sales ratio on a trailing twelve-month basis was about 5.66 times. As of August 14, 2026, 12.59 percent of Techsun Technology's shares were pledged. The largest shareholder, Guo Xiaobin, pledged 54.33 million company shares, accounting for 39.11 percent of his total holdings.

Tecsun Science & Technology issued an announcement, expecting a net loss attributable to the parent company of 25 million to 28 million yuan for the first half of 2026, compared with a profit of 8.87 million yuan in the same period last year, a year-on-year decline of 381.86% to 415.68%. The net loss after deducting non-recurring items is expected to be 26 million to 30 million yuan, a year-on-year decline of 486.24% to 545.66%. The company stated that the pressure on performance is mainly due to the industry being in a phase of business transformation, while the company has increased investment in research and development of innovative businesses, scenario implementation, and value monetization. The proportion of period expenses rose slightly year-on-year, and the related economic benefits have not yet been fully released. In the first quarter of 2026, Tecsun Science & Technology achieved revenue of 93.41 million yuan, with a net profit attributable to the parent company of negative 9.65 million yuan.