Fibocom released its 2026 interim report. First-half net profit attributable to the parent was 61.82 million yuan, down 71.6% year on year. Operating revenue was 3.78 billion yuan, up 1.9% year on year. Net profit attributable to the parent after deducting non-recurring items was 39.12 million yuan, down 80.7% year on year. Net operating cash flow was negative 1.702 billion yuan, down 8,968.1% year on year. Earnings per share were 0.0687 yuan. In the second quarter, operating revenue was 2.1 billion yuan, up 13.4% year on year, and net profit attributable to the parent was 52.16 million yuan, down 47.9% year on year. As of the end of the second quarter, total assets were 10.65 billion yuan, up 9.9% from the end of the previous year, and net assets attributable to the parent were 6.074 billion yuan, down 3.0% from the end of the previous year. The company continued to focus on wireless communication technologies for the Internet of Things and mobile internet, with research and development spending reaching 286 million yuan, accounting for 7.58% of operating revenue. During the reporting period, the company did not plan to distribute cash dividends and continued to implement equity incentives.
FIBOCOMFirst-half net profit attributable to parent fell 71.6% year on year, with operating cash flow deeply negative.
Fibocom Wireless IncFirst-half net profit attributable to parent fell 71.6% year on year, with operating cash flow deeply negative.
