Yongyue Science & Tech Co Ltd

Yongyue Technology disclosed its 2026 semi-annual report on August 28. In the first half of the year, it achieved total operating revenue of 170 million yuan, up 14.16% year-on-year, but its net profit attributable to the parent company was a loss of 12.83 million yuan, compared with a loss of 6.17 million yuan in the same period last year, widening the loss. Net profit after deducting non-recurring items was a loss of 13.06 million yuan, compared with a loss of 6.25 million yuan in the same period last year. Net cash flow from operating activities was negative 22.74 million yuan, compared with negative 13.80 million yuan in the same period last year. The company is mainly engaged in the production and sales of unsaturated polyester resin and drone business. As of August 21, 2026, 18.56% of the company's shares were pledged. The largest shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., pledged 83 million shares, accounting for 141.49% of its total holdings.