Aerospace Changfeng released its 2026 interim report. First-half operating revenue was 257 million yuan, down 28.3% year on year. Net loss attributable to the parent was 52.19 million yuan, narrowing from a loss of 55.59 million yuan in the same period last year. Second-quarter revenue was 179 million yuan, down 30.7% year on year, while net loss attributable to the parent was 14.92 million yuan, widening from a loss of 12.77 million yuan a year earlier. As of the end of the second quarter, total assets were 3.116 billion yuan, down 5.6% from the end of the previous year, and net assets attributable to the parent were 1.383 billion yuan, down 3.8%. The company said that in the military electronics segment, the power supply business saw revenue and net profit decline due to delayed product deliveries, the infrared optoelectronics business failed to improve profitability amid slowing demand, and insufficient collection of accounts receivable led to higher impairment provisions. In the high-end medical equipment segment, ECMO product registration and certification was delayed, market development fell short of expectations, and the business remained loss-making. The company plans to strengthen power supply product deliveries and accelerate ECMO certification and market promotion, while the public safety segment achieved year-on-year net profit growth through cost control and collection efforts.
Aerospace CfRevenue fell 28.3% and losses continued, with delays and impairments across segments.
