North Navigation Control Technology Co Ltd

North Navigation Technology disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 930 million yuan, down 45.39 percent year on year. Net profit attributable to shareholders was a loss of 47.71 million yuan, compared with a profit of 116 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 51.68 million yuan, compared with a profit of 111 million yuan a year earlier. Net cash flow from operating activities was 467 million yuan, compared with negative 676 million yuan in the prior-year period. Basic earnings per share were negative 0.032 yuan, and the weighted average return on equity was negative 1.64 percent. The company said its military and civilian dual-use products business focuses on navigation control and ammunition information technology, and develops three industrial ecosystems, namely navigation and control, military communications, and intelligent integrated connectivity, around eight professional technology systems including guidance and control and AI autonomous target recognition. As of the end of the first half of 2026, the company's inventory book value was 722 million yuan, accounting for 25.45 percent of net assets and up 191 million yuan from the end of the previous year.