TianJin 712 Communication & Broadcasting Co Ltd

712 has released its 2026 interim report. Total operating revenue was 761 million yuan, up 20.57 percent year-on-year. Net profit attributable to the parent company was a loss of 111 million yuan, an improvement of 3.4 million yuan compared with the same period last year, meaning the loss narrowed. Net cash outflow from operating activities was 64.63 million yuan, an increase of 185 million yuan year-on-year. The company's asset-liability ratio was 53.03 percent, gross margin was 31.02 percent, return on equity was negative 2.93 percent, and diluted earnings per share was negative 0.14 yuan. The number of shareholders was 55,700, and the top ten shareholders held 54.56 percent of total share capital.

712 disclosed its earnings forecast, expecting a net loss attributable to the parent of 95 million to 130 million yuan in the first half of 2026, compared with a loss of 114 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 125 million to 160 million yuan, compared with a loss of 131 million yuan a year earlier. The company's main businesses include military wireless communications and civilian wireless communications. The change in performance is due to the delivery and revenue recognition of some products, which increased operating revenue year-on-year. However, affected by the price factors of batch-delivered products, the comprehensive gross margin declined year-on-year. At the same time, strategic research and development investment continued to ensure core capability building, resulting in the current period's revenue growth being insufficient to cover overall costs and expenses, and the operating performance still showed a loss.