HiRain Technologies disclosed its semi-annual report for 2026 on August 26. In the first half of the year, total operating revenue reached 2.623 billion yuan, down 9.81 percent year on year. Net profit attributable to the parent company was a loss of 382 million yuan, compared with a loss of 86.9644 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 396 million yuan, compared with a loss of 115 million yuan a year earlier. Net cash flow from operating activities was negative 657 million yuan, versus negative 299 million yuan in the prior-year period. The company mainly engages in automotive electronics products, high-end equipment electronics products and related research and development services. During the reporting period, basic earnings per share were negative 3.4 yuan, and the weighted average return on net assets was negative 9.56 percent. As of the end of the first half, the company's inventory book value was 2.246 billion yuan, accounting for 60.39 percent of net assets, an increase of 562 million yuan from the end of last year. Inventory write-down provisions amounted to 159 million yuan, representing a provision ratio of 6.59 percent.
Beijing Jingwei Hirain Technologies Co. Ltd. AReported a net loss of 382 million yuan, wider than last year's loss, with revenue down 9.81%.
