Insigma

Insigma Technology released its 2026 interim report, with net profit attributable to the parent company at negative 59.48 million yuan, a loss expansion of 44.41 million yuan compared with the same period last year. The company's total operating revenue was 1.472 billion yuan, down 5.91 percent year on year. Net cash outflow from operating activities was 149 million yuan, an increase of 79.38 million yuan from the same period last year. The company's latest asset-liability ratio was 35.97 percent, gross margin was 18.08 percent, and return on equity was negative 1.84 percent.

Insigma released its 2026 half-year report, showing that net loss attributable to the parent company widened to 59.48 million yuan. Operating revenue was 1.47 billion yuan, down 5.9 percent year on year. Net loss attributable to the parent company excluding non-recurring items narrowed to 41.58 million yuan. Net operating cash flow was negative 149 million yuan, down 114.5 percent year on year. The company said there was no major change in its main business. Core operations including intelligent computing cloud services, government digital intelligence, infrastructure digital intelligence and industrial digital intelligence remained relatively stable. However, affected by stock market fluctuations, fair value changes in financial assets from direct and indirect investments resulted in relatively large losses. As of the close on August 21, Insigma's share price had fallen nearly 32 percent this year.

Zhejiang University NetNew shareholder Zhejiang NetNew Group reduced its stake in the company by 3.1 million shares through centralized bidding between June 17 and August 6, 2026, lowering its shareholding from 6.3% to 6%. The company reported revenue of 694 million yuan and a net loss attributable to the parent of 47.59 million yuan in the first quarter of 2026.

Zhejiang University NetNew issued a performance forecast for the first half of 2026, expecting a net loss attributable to the parent of around 60 million yuan, compared with a loss of 15.0694 million yuan in the same period last year. The company said its main business is relatively stable, and net profit after deducting non-recurring gains and losses improved slightly year-on-year, but due to stock market fluctuations, fair value changes in financial assets from direct and indirect investments resulted in a large loss.