Cixing Shares released its 2026 semi-annual report, with both revenue and net profit posting strong growth and non-GAAP net profit doubling. During the reporting period, the company achieved total operating revenue of 1.456 billion yuan, up 31.59% year on year; net profit attributable to shareholders of the listed company reached 173 million yuan, up 64.07% year on year; and non-GAAP net profit hit 169 million yuan, a year-on-year surge of 103.94%. Net cash flow from operating activities reached 416 million yuan, skyrocketing more than 230-fold year on year. The flat knitting machine business, as the core pillar, achieved operating revenue of 1.38 billion yuan, up 38.58% year on year, of which overseas sales revenue was 288 million yuan, surging 83.95% year on year, lifting the overseas revenue share from 15.74% to 20.89%. The company completed the acquisition of Germany's STOLL in June 2026. STOLL is a benchmark brand in the global flat knitting machine sector, holding a large number of core patents and proprietary processes. Leveraging its service network spanning more than 100 countries worldwide, Cixing Shares is accelerating its transformation into a global provider of integrated solutions for fashion and industrial textiles. Behind the performance growth lies a triple resonance of industry recovery, competitive landscape restructuring, and cultivation of a second growth curve. The company is speeding up the commercial rollout of cutting-edge products such as knitting robots and unmanned factories. As of the end of the reporting period, the company held 168 invention patents, 97 utility model patents, 15 design patents, and 233 software copyrights.
Ningbo CixingFirst-half net profit up 64% and non-GAAP net profit doubled, driving strong performance.
Acquired by Cixing, which is leveraging STOLL's patents and global network to expand, benefiting its parent.
