China301067.CS▼
Xianying Technology posts first-half loss of 18.83 million yuan, down 480.1% year on year
Xianying Technology released its 2026 interim report, showing first-half operating revenue of 270 million yuan, down 27.2% year on year, and a loss of 18.83 million yuan, down 480.1% year on year. Second-quarter operating revenue was 144 million yuan, down 29.7% year on year, while net profit attributable to the parent swung from a loss of 10,000 yuan a year earlier to a loss of 12.58 million yuan. As of the end of the second quarter, the company's total assets stood at 1.139 billion yuan, down 0.1% from the end of the previous year, and net assets attributable to the parent were 756 million yuan, down 2.5%. The company said that due to the global consumer electronics industry adjustment, weak market demand led to a decline in main business revenue, and it will strengthen product research and development and supply chain management to address the challenges.