China Aerospace Times Electronics first-half 2026 net profit falls 76.63% year on year

Earnings
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China Aerospace Times Electronics disclosed its 2026 semi-annual report. In the first half, it achieved total operating revenue of 4.53 billion yuan, down 22.19% year on year. Net profit attributable to the parent company was 40.5892 million yuan, down 76.63% year on year. Net profit after deducting non-recurring items was 22.724 million yuan, down 84.90% year on year. Net cash flow from operating activities was negative 2.346 billion yuan, compared with negative 3.371 billion yuan in the same period last year. During the reporting period, basic earnings per share were 0.012 yuan, and the weighted average return on equity was 0.19%. Based on the closing price on August 25, the company's price-to-earnings ratio on a trailing twelve-month basis was about 500.11 times, its price-to-book ratio on a latest fiscal year basis was about 2.25 times, and its price-to-sales ratio on a trailing twelve-month basis was about 3.72 times.

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