Alton Electrical released its 2026 interim report. First-half operating revenue was 1.355 billion yuan, up 54.3% year on year, but net profit attributable to the parent was 29.11 million yuan, down 74.7% year on year. Net profit attributable to the parent after deducting non-recurring items was 24.91 million yuan, down 77.2% year on year, and net operating cash flow was negative 161 million yuan, down 365.2% year on year. In the second quarter, operating revenue was 681 million yuan, up 93.2% year on year, and net profit attributable to the parent was 17.99 million yuan, down 66.4% year on year. As of the end of the second quarter, total assets were 4.237 billion yuan, up 7.03% from the end of the previous year, and net assets attributable to the parent were 1.449 billion yuan, down 3.4% from the end of the previous year. The company mainly produces air-powered equipment and cleaning equipment. Its newly established strategic partnership business group has developed new products including garden tools, outdoor tools, work lights and energy storage power supplies. It has 10 customers at the million-dollar level, and its top 10 customers contribute nearly 80% of sales. Since the Malaysia base began production in July 2025, on-time delivery has improved from 79% to over 99%, and finished product shipment volume has grown more than 90% year on year.
Suzhou Alton Electrical & Mechanical Industry Co. Ltd.Net profit attributable to parent fell 74.7% year on year, with operating cash flow deeply negative.
