Kangpeng Technology released its 2026 interim report. First-half operating revenue was 311 million yuan, down 28.7% year on year, while net profit attributable to the parent company showed a loss of 40.79 million yuan, down 231.5% year on year. Second-quarter operating revenue was 161 million yuan, down 16.6% year on year, and net profit attributable to the parent company showed a loss of 28.2 million yuan, down 7,374.5% year on year. The company said the revenue decline was mainly affected by its CDMO business, as reduced orders from overseas customers led to lower shipment volumes. Although the new materials business achieved modest growth due to increased demand from the new energy vehicle and energy storage markets, overall performance remained under pressure. As of the end of the second quarter, the company's total assets were 3.058 billion yuan, down 3.0% from the end of the previous year, and net assets attributable to the parent company were 2.688 billion yuan, down 1.1% from the end of the previous year.
CHEMSPEC ORD A (SHH) EQSW Exp:First-half loss and revenue decline reported.
