Shanghai Bloom Technology Inc

Bolong Technology released its 2026 interim report, with net profit attributable to the parent company of 97.7144 million yuan, down 59.69% from the same period last year. Total operating revenue was 566 million yuan, down 21.91% year-on-year. Net cash flow from operating activities was negative 41.7067 million yuan, down 122.44% year-on-year. The company's latest asset-liability ratio was 49.89%, gross margin was 27.18%, ROE was 3.55%, and diluted earnings per share was 1.22 yuan.

Bolong Technology has issued a preliminary earnings decline announcement for the first half of 2026, projecting net profit attributable to owners of the parent at 88 million to 105 million yuan, a year-on-year decrease of 56.69% to 63.70%. The company explained that the decline mainly stems from revenue reliance on large projects and big orders, which leads to uneven results across periods. In the current period, the proportion of small and medium-sized projects with lower gross margins recognized as revenue increased, while the appreciation of the euro resulted in exchange losses on euro deposits, compared with a sizable exchange gain in the same period last year. First-quarter net profit attributable to the parent had already fallen 68.48% year on year, and the company previously noted that uneven quarterly revenue and product gross margins are inherent features of its business structure. In 2025, net profit attributable to the parent reached 410 million yuan, up 38.09% year on year, but performance slowed markedly in the first half of 2026. On the overseas front, the company is advancing its international expansion and has been included in the supplier lists of global engineering firms such as Tecnimont and Samsung. As of the close on July 9, Bolong Technology fell 0.96% to 52.50 yuan per share, giving it a total market capitalization of 4.2 billion yuan.