Long Young Electronic (Kunshan) Co. Ltd. A

Longyang Electronics released its 2026 interim report. The company's total operating revenue was 341 million yuan, and net profit attributable to the parent was 41.4167 million yuan, down 24.09% from the same period last year. Net cash inflow from operating activities was 127 million yuan, the asset-liability ratio was 22.94%, the gross margin was 48.18%, and diluted earnings per share was 0.15 yuan. The company had 30,600 shareholders, and the top ten shareholders held 72.26% of the total share capital.

Longyang Electronics released its 2026 half-year report, showing first-half net profit attributable to the parent fell 24.1% year-on-year to 41.42 million yuan, while operating revenue rose 121.2% year-on-year to 341 million yuan. In the second quarter, operating revenue grew 115.7% year-on-year to 175 million yuan, while net profit attributable to the parent declined 39.3% year-on-year to 14.5 million yuan. The company said that although progress was made in product innovation and market expansion, shrinking global consumer electronics demand led to the decline in net profit. In the first half, the company completed equity acquisitions of Weisi Shuanglian and Deyou New Materials, and the consolidation effect drove a substantial increase in revenue. Going forward, it will strengthen post-investment management and optimize the supply chain to enhance competitiveness.

Longyang Electronics announced that after completing the 70% equity acquisition of Suzhou Deyou New Material Technology, it plans to integrate the die-cutting business and some equipment of Vietnam Deyou into Vietnam Longyang, and deregister the legal entity of Vietnam Deyou. The company intends to sell assets including land, factory buildings, office buildings, supporting infrastructure, and machinery equipment located at Plot CN-10, Van Trung Industrial Park, Van Trung Commune, Bac Ninh Province, Vietnam, to O SUNG RF VINA CO., LTD., with a preliminary negotiated transaction price of 2.62 million US dollars. As of December 31, 2025, Vietnam Deyou's total assets were 22.74 million yuan, total liabilities were 9.57 million yuan, and net profit attributable to the parent company was negative 4.65 million yuan. The company stated that this move will optimize resource allocation and improve management efficiency, and is expected to reduce net profit attributable to the parent company by approximately 0.78 million US dollars. In the first quarter of 2026, Longyang Electronics achieved revenue of 167 million yuan and net profit attributable to the parent company of 26.92 million yuan.