Minami Acoustics Ltd. A

Tianjian Shares released its 2026 interim report, showing operating revenue of 881 million yuan, down 1.5 percent year on year. Net loss attributable to the parent company was 45.71 million yuan, down 970.1 percent year on year. Net loss attributable to the parent company excluding non-recurring items was 49.63 million yuan, down 8,056.1 percent year on year. Net operating cash flow was negative 48.31 million yuan, down 211.3 percent year on year. In the second quarter, operating revenue was 483 million yuan, up 5.2 percent year on year. Net loss attributable to the parent company was 11.27 million yuan, down 735.1 percent year on year. Net loss attributable to the parent company excluding non-recurring items widened from a loss of 710,000 yuan in the same period last year to a loss of 13.5 million yuan. As of the end of the second quarter, total assets were 2.482 billion yuan, down 1.2 percent from the end of the previous year. Net assets attributable to the parent company were 1.94 billion yuan, down 2.1 percent from the end of the previous year. The company noted in the report that its main business model during the reporting period was original design manufacturing, focusing on the research, design, and production of core electroacoustic components, while continuously expanding its business boundaries by integrating acoustic technology with smart wearables, smart homes, and artificial intelligence. It aims to achieve a strategic upgrade and transform into a product solution provider for the integrated application of acoustic, optical, and electronic technologies.