Wuhu Token Sciences

Changxin Technology released its 2026 interim report on August 27. Operating revenue was 4.881 billion yuan, down 19.7 percent year on year. Net profit attributable to the parent company was 114 million yuan, down 47.8 percent. Net profit attributable to the parent company after deducting non-recurring items was 98.49 million yuan, down 49.8 percent. Second-quarter operating revenue was 2.42 billion yuan, down 26.5 percent year on year, and net profit attributable to the parent company was 65.71 million yuan, down 52.3 percent. Main business revenue fell from 6.027 billion yuan to 4.815 billion yuan. Revenue from automotive and consumer display module electronics shrank significantly, which was the main reason for the profit decline. Financial expenses surged to 70.4728 million yuan, compared with only 27.1997 million yuan in the same period last year, mainly due to new borrowings and a net exchange loss of 37.4131 million yuan. Research and development expenses remained high at 210 million yuan. The company said its consumer electronics business was under pressure from weakening market demand and intensifying competition, while emerging areas such as vehicle mirrors and augmented reality achieved relatively rapid growth.

Changxin Technology released its 2026 half-year report. Net profit attributable to the parent in the first half was 114 million yuan, down 47.8% year-on-year. Operating revenue was 4.88 billion yuan, down 19.7% year-on-year. Net profit attributable to the parent after deducting non-recurring items was 98.49 million yuan, down 49.8% year-on-year. Net operating cash flow was negative 373 million yuan, down 177.1% year-on-year. Earnings per share were 0.0455 yuan. In the second quarter, operating revenue was 2.42 billion yuan, down 26.5% year-on-year, and net profit attributable to the parent was 65.71 million yuan, down 52.3% year-on-year. As of the end of the second quarter, total assets were 18.214 billion yuan, up 1.0% from the end of the previous year, and net assets attributable to the parent were 8.622 billion yuan, down 0.1% from the end of the previous year. The company said its consumer electronics business was under pressure from weakening market demand and intensifying competition, but emerging areas such as automotive mirrors and augmented reality grew relatively fast. The sensor business was affected by soft downstream demand, but some new products have received customer certification. The automotive business steadily expanded its revenue scale, and the ultra-thin flexible glass product portfolio continued to broaden.