Changxin Technology released its 2026 half-year report. Net profit attributable to the parent in the first half was 114 million yuan, down 47.8% year-on-year. Operating revenue was 4.88 billion yuan, down 19.7% year-on-year. Net profit attributable to the parent after deducting non-recurring items was 98.49 million yuan, down 49.8% year-on-year. Net operating cash flow was negative 373 million yuan, down 177.1% year-on-year. Earnings per share were 0.0455 yuan. In the second quarter, operating revenue was 2.42 billion yuan, down 26.5% year-on-year, and net profit attributable to the parent was 65.71 million yuan, down 52.3% year-on-year. As of the end of the second quarter, total assets were 18.214 billion yuan, up 1.0% from the end of the previous year, and net assets attributable to the parent were 8.622 billion yuan, down 0.1% from the end of the previous year. The company said its consumer electronics business was under pressure from weakening market demand and intensifying competition, but emerging areas such as automotive mirrors and augmented reality grew relatively fast. The sensor business was affected by soft downstream demand, but some new products have received customer certification. The automotive business steadily expanded its revenue scale, and the ultra-thin flexible glass product portfolio continued to broaden.
Wuhu Token SciencesChangxin Technology's net profit fell 47.8% and revenue dropped 19.7% in H1, indicating weak financial performance.
