Favored Tech released its 2026 interim report. First-half operating revenue was 179 million yuan, down 21.6% year on year. Net loss attributable to the parent was 45.65 million yuan, down 373.1% year on year. Net operating cash flow was negative 31.31 million yuan, down 254.2% year on year. In the second quarter, operating revenue was 104 million yuan, down 15.9% year on year, and net loss attributable to the parent was 24.44 million yuan, down 335.0% year on year. As of the end of the second quarter, total assets were 2.073 billion yuan, down 2.7% from the end of the previous year, and net assets attributable to the parent were 1.914 billion yuan, down 3.1% from the end of the previous year. During the reporting period, the company continued to increase investment in technology research and development and market expansion, especially in the field of high-performance multifunctional nanofilms, carrying out product innovation for demand in consumer electronics, automotive electronics, and medical devices, and strengthening cooperation with leading customers. The company flagged risks of intensifying market competition and changes in downstream demand, and management said it will optimize its operating strategy to address the challenges.
Jiangsu Favored Nanotechnology Co. Ltd. AFirst-half loss and revenue decline reported