Jin Taiyang released its 2026 interim report on August 26, showing both revenue and profit declined during the reporting period, with losses in the intelligent equipment and precision structural components business dragging down overall performance. The company achieved operating revenue of 254 million yuan, down 5.80 percent year on year; net profit attributable to the parent company was 13.1509 million yuan, down 10.60 percent year on year; and non-GAAP net profit was 12.7813 million yuan, down 9.01 percent year on year. Net cash flow from operating activities was 14.5295 million yuan, a sharp decline of 77.72 percent compared with the same period last year. Among these, the polishing materials business recorded revenue of 178 million yuan, up 8.66 percent year on year, with gross margin rising to 30.50 percent; while the intelligent CNC equipment and precision structural components business recorded revenue of 37.6879 million yuan, a sharp decline of 43.63 percent year on year, and its gross margin turned from positive to negative at minus 13.97 percent. The company invested 12.8522 million yuan in research and development, accounting for 5.05 percent of revenue, with plans in AI intelligent hardware, robotics, and semiconductor polishing, but these have not yet generated revenue at scale. The company flagged the risk of accounts receivable recovery, with the book value of accounts receivable at the end of the period standing at 179 million yuan, and uncertainty surrounding overdue payments from its largest customer.
Dongguan Golden Sun Abrasives Co LtdRevenue and profit declined, equipment business loss, and cash flow fell sharply
Shenzhen Kingsun Science Tech