Changxin Technology released its 2026 interim report on August 27. Operating revenue was 4.881 billion yuan, down 19.7 percent year on year. Net profit attributable to the parent company was 114 million yuan, down 47.8 percent. Net profit attributable to the parent company after deducting non-recurring items was 98.49 million yuan, down 49.8 percent. Second-quarter operating revenue was 2.42 billion yuan, down 26.5 percent year on year, and net profit attributable to the parent company was 65.71 million yuan, down 52.3 percent. Main business revenue fell from 6.027 billion yuan to 4.815 billion yuan. Revenue from automotive and consumer display module electronics shrank significantly, which was the main reason for the profit decline. Financial expenses surged to 70.4728 million yuan, compared with only 27.1997 million yuan in the same period last year, mainly due to new borrowings and a net exchange loss of 37.4131 million yuan. Research and development expenses remained high at 210 million yuan. The company said its consumer electronics business was under pressure from weakening market demand and intensifying competition, while emerging areas such as vehicle mirrors and augmented reality achieved relatively rapid growth.
Wuhu Token SciencesFirst-half net profit nearly halved and revenue fell 19.7% due to shrinking display module electronics and higher financial expenses.
