Kechuan Technology released its 2026 interim report. Revenue was 449 million yuan, up 7.0 percent year on year, but net profit attributable to the parent company was a loss of 28.28 million yuan, down 212.2 percent year on year. Net profit attributable to the parent after deducting non-recurring items was a loss of 29.63 million yuan, down 234.9 percent year on year, and net operating cash flow was negative 25.03 million yuan, down 128.9 percent year on year. Second-quarter revenue was 227 million yuan, up 4.1 percent year on year, while net profit attributable to the parent was a loss of 16.69 million yuan, down 215.6 percent year on year. The company said the profit decline was mainly due to lower gross margins in its main business and higher depreciation expenses after new production capacity came on stream, while research and development spending on new businesses has not yet generated revenue returns.
Suzhou K-Hiragawa Electronic Technology Co. Ltd. ACompany reported a net loss of 28.28 million yuan, down 212.2% year on year, with negative operating cash flow.
