Foshan Electrical and Lighting released its 2026 interim report. First-half operating revenue was 4.095 billion yuan, down 6.63% year on year. Net profit attributable to the parent company was 41.71 million yuan, down 63.73% year on year. Net profit after deducting non-recurring items was 23.25 million yuan, down 78.08% year on year. The company said the decline in net profit was mainly due to a combination of lower gross margin, increased exchange losses, and lower profit at its subsidiaries. Gross margin fell to 17.00% in the first half from 18.71% a year earlier, while net margin dropped to 0.16% from 3.37%. Net cash flow from operating activities was negative 117 million yuan, down 1,290.5% year on year, mainly because subsidiary Nationstar Optoelectronics saw sales collections fall by 250 million yuan. The company's net increase in cash and cash equivalents was negative 909 million yuan, a plunge of 555.83% from negative 139 million yuan a year earlier.
Foshan Electrical and Lighting Co LtdFirst-half net profit plunged 63.73% and operating cash flow collapsed, with gross margin down.
Foshan Nationstar Optoelectronics Co LtdSubsidiary Nationstar Optoelectronics saw sales collections fall by 250 million yuan, dragging cash flow.
