Silkroad Visual Technology Co Ltd

Silkroad Visual Technology has released its 2026 interim report, showing total operating revenue of RMB 369 million and net profit attributable to the parent company of RMB 1.0636 million. Net cash flow from operating activities was negative RMB 13.6834 million. The company's asset-liability ratio stood at 72.69 percent, up 0.45 percentage points from the previous quarter and up 4.78 percentage points from the same period last year. Gross margin was 27.46 percent, down 2.03 percentage points from the previous quarter. Return on equity was 0.26 percent, and diluted earnings per share were RMB 0.01. Total asset turnover was 0.24 times, and inventory turnover was 2.14 times, down 36.26 percent year on year. The number of shareholders was 20,300, with the top ten shareholders holding 18.22 percent of total share capital.

Silkroad Visual has released its 2026 half-year performance forecast, expecting a net profit attributable to shareholders of 800,800 yuan to 1.2 million yuan for the first half, compared with a loss of 80.26 million yuan in the same period last year, successfully turning losses into profits. However, net profit after deducting non-recurring items remains in the red, with a loss of 596,800 yuan to 1.19 million yuan, a significant narrowing from the loss of 82.15 million yuan a year earlier, indicating that core business profitability remains weak. The company said non-recurring gains and losses had an impact of about 1.99 million yuan, mainly from investment income, disposal of fixed assets, and right-of-use assets. The improvement in performance is attributed to a year-on-year increase in operating revenue, lower fixed operating costs and expenses, and an improvement in provisions for impairment of accounts receivable and contract assets. Previously, the company suffered large consecutive losses in 2024 and 2025, with a net loss attributable to shareholders of 364 million yuan in 2024 and a loss of 60.77 million yuan in 2025. Since the beginning of this year, shareholder and executive share reductions have drawn market attention. Major shareholder Li Mengdi and director Yue Feng together reduced their holdings by 3.74 million shares, cashing out approximately 68.38 million yuan, while director Ding Pengqing and vice president Tian Wanjun plan to reduce their holdings by no more than 130,100 shares.