AVIT Ltd

AVIT released its 2026 interim report, with total operating revenue of 26.88 million yuan, down 67.23% year-on-year, and net profit attributable to the parent of negative 11.40 million yuan, with the loss widening year-on-year. Net cash flow from operating activities was negative 4.86 million yuan, the asset-liability ratio rose to 100.11%, gross margin was 36.82%, ROE was negative 881.30%, and diluted earnings per share was negative 0.03 yuan. The company had 26,300 shareholders, and the top ten shareholders held 24.56% of total share capital.

AVIT's controlling shareholder, actual controller, and chairman Chen Kunjiang has terminated his plan to subscribe for shares issued by the company in cash. The company said that after considering the current market environment changes, the subscriber Chen Kunjiang's own funding arrangements, and the company's actual situation, and following full communication with all relevant parties and prudent analysis and deliberation, it decided to terminate this non-public share offering. In the first quarter of 2026, AVIT achieved revenue of 18.38 million yuan and a net loss attributable to the parent company of 3.98 million yuan.