Tianjin Motimo Membrane Tech

Jinmo Technology released its 2026 interim report. Total operating revenue was 174 million yuan, up 61.85% year-on-year, but net profit attributable to the parent company was a loss of 7.59 million yuan, a decrease of 7.81 million yuan compared with the same period last year, down 3,629.23% year-on-year, swinging from profit to loss. Net cash flow from operating activities was a negative 15.46 million yuan, down 164.63% year-on-year. The company's asset-liability ratio was 44.67%, gross margin was 22.40%, return on equity was negative 1.41%, and diluted earnings per share was negative 0.03 yuan. The number of shareholders was 18,300, and the top ten shareholders held 45.06% of the total share capital.

Jinmo Technology disclosed its 2026 semi-annual report on August 26. In the first half of the year, total operating revenue reached 174 million yuan, up 61.85% year on year. However, net profit attributable to the parent company showed a loss of 7.59 million yuan, compared with a profit of 215,200 yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 8.39 million yuan, compared with a loss of 15.39 million yuan a year earlier. Net cash flow from operating activities was negative 15.46 million yuan, versus 23.92 million yuan in the prior-year period. The company is mainly engaged in the research, development and application of high-performance membrane materials and membrane modules, as well as membrane separation and water treatment equipment.

Jinmo Technology announced that the stake reduction plan of its second-largest shareholder, Huayi Technology International, has expired. During the reduction period, Huayi sold 2.4711 million shares through competitive bidding at an average price of RMB 11.10 per share, for a total of approximately RMB 27.43 million. It also sold 6.041 million shares through block trades at an average price of RMB 8.78 per share, for a total of approximately RMB 53.04 million. In total, it reduced its stake by 8.5121 million shares, cashing out approximately RMB 80.47 million. After the reduction, Huayi still holds 22.3403 million shares of Jinmo Technology, representing 7.40 percent of the total share capital. Jinmo Technology had previously reported four consecutive years of losses in its adjusted net profit, but in the first quarter of 2026 it achieved revenue of RMB 89.7262 million, up 81.24 percent year-on-year, and an adjusted net profit of RMB 1.6121 million, up 118.38 percent year-on-year.