Huaping Shares released its 2026 half-year report on August 26. First-half operating revenue was 110 million yuan, down 31.0% year on year. Net loss attributable to the parent was 25.29 million yuan, narrower than the 36.72 million yuan loss in the same period last year. Net loss attributable to the parent after deducting non-recurring items was 26.01 million yuan, also narrower than the 38.70 million yuan loss a year earlier. Net operating cash flow was negative 49.67 million yuan, down 268.2% year on year. Earnings per share were negative 0.046 yuan. In the second quarter, operating revenue was 44.60 million yuan, down 49.6% year on year. Net loss attributable to the parent was 22.11 million yuan, wider than the 19.74 million yuan loss in the same period last year. Net loss attributable to the parent after deducting non-recurring items was 21.95 million yuan, also wider than the 21.24 million yuan loss a year earlier. As of the end of the second quarter, total assets were 1.351 billion yuan, down 6.1% from the end of the previous year. Net assets attributable to the parent were 832 million yuan, down 2.4% from the end of the previous year. The company said revenue from emergency command and video communications businesses declined during the reporting period, mainly due to industry cycle effects and tighter customer procurement demand, which led to a drop in total orders. At the same time, workforce structure optimization and cost reduction and efficiency measures lowered labor costs and related expenses, while the completion of depreciation on earlier projects also reduced depreciation costs, pushing operating costs down and narrowing the loss.
AVCON Information TechRevenue down 31%, loss narrowed but Q2 loss widened, cash flow negative.
