Suntront Tech

Xintian Technology disclosed its 2026 semi-annual report on August 29. In the first half of the year, it achieved total operating revenue of 403 million yuan, down 9.93% year-on-year; net profit attributable to the parent company was 21.2049 million yuan, down 73.13% year-on-year; and non-GAAP net profit was 44.8287 million yuan, down 20.37% year-on-year. During the reporting period, the company's basic earnings per share were 0.0187 yuan, and the weighted average return on equity was 0.69%, down 1.97 percentage points year-on-year. Net cash flow from operating activities was 18.1248 million yuan, down 19.88% year-on-year. The company is mainly engaged in the research, development, production and sales of IoT smart water meters, smart gas meters and other products, and provides comprehensive IoT solutions.

Xintian Technology disclosed a performance forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 16 million yuan and 24 million yuan, a year-on-year decline of 69.58% to 79.72%. Deducted non-recurring net profit is expected to be between 37 million yuan and 50 million yuan, a year-on-year decline of 11.19% to 34.28%. The company stated that the decline in performance was mainly due to proactively scaling back product businesses with low gross margins and high resource consumption, leading to a year-on-year decrease in operating revenue, while the gross margins of some products also declined. In addition, the impact of non-recurring gains and losses on net profit was approximately negative 23 million yuan, of which changes in the fair value of securities investments affected profit and loss by approximately negative 28 million yuan.

New-Tech Technology disclosed its 2026 half-year performance forecast, estimating net profit attributable to shareholders of the parent at 16 million yuan to 24 million yuan, a year-on-year decline of 69.58% to 79.72%. The company stated that the performance decline was partly due to a proactive reduction in low-margin product business, leading to lower revenue, and a year-on-year decrease in gross margin for some products. Additionally, non-recurring gains and losses included a loss of approximately 28 million yuan from changes in the fair value of securities investments. Although the holdings are mostly high-quality assets with strong fundamentals and high dividend yields, they were affected by a temporary pullback in the capital market. Deducted non-recurring net profit is estimated at 37 million yuan to 50 million yuan, a year-on-year decline of 11.19% to 34.28%. As of the close on July 27, New-Tech Technology rose 2.08% to 4.41 yuan per share, with a total market capitalization of approximately 5.094 billion yuan.