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Southchip Technology swings to net loss in 2026 interim report
Southchip Technology released its 2026 interim report, with net profit attributable to the parent company at negative 44.8723 million yuan, swinging from profit to loss. Total operating revenue was 1.546 billion yuan, up 5.19 percent year on year, marking a third consecutive year of growth. Net profit attributable to the parent company fell by 168 million yuan from the same period last year, a year-on-year decline of 136.58 percent. Net cash flow from operating activities was negative 103 million yuan, down 108 million yuan from a year earlier. The company's latest asset-liability ratio was 38.86 percent, gross margin was 35.28 percent, and diluted earnings per share was negative 0.10 yuan.