CETC Digital Technology Co Ltd

CETC Digital Technology released its 2026 interim report on August 25. Revenue maintained steady growth during the reporting period, but net profit attributable to the parent company fell sharply due to increased impairment losses and financial expenses, resulting in higher revenue without higher profit. Data shows the company achieved operating revenue of 5.206 billion yuan, up 7.23 percent year on year. Net profit attributable to the parent company was 68.296 million yuan, down 36.54 percent year on year. Non-GAAP net profit was 70.1704 million yuan, down 33.02 percent. Net cash outflow from operating activities was 1.093 billion yuan, and cash and cash equivalents fell 51.18 percent from the beginning of the period. Industry digitalization remained the core revenue source at 4.615 billion yuan, accounting for nearly 90 percent of total revenue. Within this segment, financial industry revenue was 2.264 billion yuan, up 17.33 percent year on year. Party, government and public service revenue was 866 million yuan, up 51.42 percent. Digital new infrastructure revenue was 472 million yuan, up 41.38 percent. Digital product revenue was 130 million yuan, down 35.11 percent. The decline in performance was mainly due to a significant increase in credit impairment losses of 35.8766 million yuan and asset impairment losses of 21.6278 million yuan. Financial expenses rose 33.65 percent year on year, and net profit at subsidiary Huacun Data fell sharply. In addition, the company was penalized by the Shanghai branch of the China Securities Regulatory Commission for information disclosure violations. The company and its then board secretary were fined 2 million yuan and 1 million yuan respectively.

The Shanghai Stock Exchange issued a notice to optimize and upgrade the permission functions of its SSE E-Interaction platform, directly targeting listed companies that chase hot topics and hype concepts. The new rules suspend reply permissions for companies with an annual information disclosure rating of D until their rating improves, and suspend reply permissions for 12 months for companies that have received administrative penalties or been given a public reprimand or higher for chasing hot topics. Three new anti-hype features have also been added, including a pop-up warning against deliberately chasing hot topics, a requirement that newly registered users must complete real-name authentication for 30 days before they can ask questions, and a limit of no more than 10 questions per user per day and no more than 3 questions for the same company. Several companies have already been heavily penalized this year for making misleading statements on the interactive platform. CETC Digital Technology was fined 2 million yuan, Juli Sling was fined a total of 9.5 million yuan, Injoinic Technology was found to have made misleading statements through self-asked-and-answered hype chasing, and Shuangliang Eco-Energy was fined 13 million yuan over a WeChat official account article. Market participants believe that the deterrent effect of suspending reply permissions far exceeds that of fines, and listed companies should establish a linked review mechanism to enhance responsiveness within compliance boundaries.