Shenzhen Baoming Technology Co

Baoming Technology released its 2026 interim report. Total operating revenue was 557 million yuan, down 15.75% year-on-year. Net profit attributable to the parent company was negative 21.7933 million yuan, a decrease of 8.7928 million yuan compared with the same period last year, with the loss widening. Net cash flow from operating activities was negative 25.6145 million yuan, a year-on-year decrease of 16.0212 million yuan. The company's asset-liability ratio was 65.56%, gross margin was 15.20%, return on equity was negative 2.99%, and diluted earnings per share was negative 0.12 yuan. Total asset turnover fell 11.84% year-on-year, and inventory turnover fell 25.38% year-on-year. The number of shareholders was 14,200, and the top ten shareholders held 60.41% of the total share capital.

Baoming Technology released its 2026 interim report. First-half operating revenue was 557 million yuan, down 15.8 percent year on year. Net loss attributable to the parent company was 21.79 million yuan, widening from a loss of 13 million yuan in the same period last year. Second-quarter revenue was 304 million yuan, down 14.2 percent year on year, while net loss attributable to the parent company was 7.76 million yuan, down 268.6 percent year on year. Total assets stood at 2.125 billion yuan, and net assets attributable to the parent company were 728 million yuan. The company's main business has not undergone major changes. It focuses on LED backlight sources and composite copper foil, with composite copper foil sales reaching 24.76 million yuan, a surge of 509.38 percent year on year. The company said it has entered the supply chains of multiple well-known enterprises and is actively responding to pressure from rising raw material prices.

Baoming Technology issued an announcement, expecting a loss of 17 million to 23 million yuan for the first half of 2026. The change in performance was mainly affected by three factors: a shortage of memory chips led to reduced orders for consumer backlight products such as mobile phones and tablets, causing revenue to decline; rising prices of major raw materials for backlight products pushed up costs and lowered product gross margins; and composite copper foil products are still in the capacity ramp-up phase, with product revenue not yet sufficient to cover related expenses. In the first quarter of 2026, the company achieved revenue of 253 million yuan, with a net loss attributable to the parent company of 14.03 million yuan.