Hangzhou Shunwang Tech

Shunwang Technology released its 2026 interim report, with net profit attributable to the parent company at 158 million yuan, a decrease of 2.01% compared with the same period last year. Total operating revenue was 566 million yuan, down 44.02% year-on-year. Net cash inflow from operating activities was 108 million yuan, down 0.30% year-on-year. The latest asset-liability ratio was 14.99%, gross margin was 66.79%, ROE was 6.04%, and diluted earnings per share was 0.23 yuan.

Shunwang Technology disclosed its 2026 semi-annual report. In the first half, total operating revenue was 566 million yuan, down 44.02 percent year on year. Net profit attributable to the parent company was 158 million yuan, down 2.01 percent. Non-GAAP net profit was 122 million yuan, down 13.03 percent. The company plans to distribute a cash dividend of 0.6 yuan per 10 shares, tax included. Net cash flow from operating activities was 108 million yuan, down 0.30 percent. Basic earnings per share were 0.23 yuan, and the weighted average return on equity was 6.02 percent.

Shunwang Technology released its 2026 semi-annual report. First-half operating revenue was 566 million yuan, down 44.02 percent year on year, while net profit attributable to the parent company was 158 million yuan, a slight decline of 2.01 percent. The company said the revenue drop was mainly due to proactively scaling back low-margin businesses under online advertising and value-added services, including game distribution, and shifting resources toward high-margin, high-potential segments. Revenue from online advertising and value-added services was 385 million yuan, accounting for nearly 68 percent of total revenue, while game business revenue was 176 million yuan with a gross margin as high as 93.36 percent. The two segments together contributed more than 99 percent of operating revenue. Net cash flow from operating activities was 108 million yuan, basically flat compared with the same period last year, and the overall gross margin was 66.79 percent.