Aerospace Hi-Tech released its 2026 interim report on August 28. Relying on its three core businesses of aerospace applications, automotive electronics, and the Internet of Things, the company saw revenue and profit scale shrink due to the deconsolidation of some subsidiaries, but deducted non-recurring net profit achieved a significant turnaround. During the reporting period, revenue was 2.257 billion yuan, down 23.51 percent year on year; net profit attributable to the parent company was 35.06 million yuan, down 60.59 percent year on year; deducted non-recurring net profit was 32.44 million yuan, compared with a loss of 25.64 million yuan in the same period last year, turning from loss to profit. Automotive electronics remained the revenue pillar, with revenue of 1.848 billion yuan, accounting for 81.90 percent of total revenue, but down 26.28 percent year on year due to the deconsolidation of AC company and Jiutong company; among this, overseas HOD product sales volume grew 59 percent year on year. The aerospace applications business grew against the trend, with revenue of 306 million yuan, up 10.96 percent year on year, and gross margin up 3.26 percentage points to 18.73 percent. The Internet of Things business, affected by deconsolidation, saw revenue fall 47.63 percent to 102 million yuan. The company transferred approximately 93.41 million yuan of fair value change gains into retained earnings through the sale of its equity stake in Aerospace Science and Industry Finance Company.
Aerospace Hi-Tech Holding Group Co LtdDeducted non-recurring net profit turned positive, indicating core profitability recovery despite revenue decline.
