Shenzhen Manst Technology Co. Ltd. A

Manst (301325) disclosed its 2026 semi-annual report on August 27. In the first half, it achieved total operating revenue of 212 million yuan, down 62.14% year on year. Net loss attributable to the parent was 85.3924 million yuan, compared with a loss of 23.5133 million yuan in the same period last year. Net loss after deducting non-recurring items was 90.721 million yuan, compared with a loss of 33.9718 million yuan a year earlier. Net cash flow from operating activities was negative 415 million yuan, versus negative 234 million yuan in the prior-year period. Basic loss per share was 0.59 yuan, and the weighted average return on equity was negative 3.23%. As of the end of the first half of 2026, the company's inventory book value was 1.571 billion yuan, accounting for 60.39% of net assets and up 729 million yuan from the end of the previous year. The company's business is mainly divided into coating application and energy system categories.