Langte Intelligent released its 2026 interim report. First-half net profit attributable to the parent was 5.81 million yuan, down 89.9% year on year. Operating revenue was 744 million yuan, down 7.7% year on year. Deducted non-recurring loss was 3.8 million yuan, down 107.5% year on year. Net operating cash flow was 14.21 million yuan, down 69.1% year on year. Second-quarter net profit attributable to the parent was 4.61 million yuan, down 83.1% year on year. The company said the continued decline in the US dollar against the renminbi caused exchange losses of about 38.6 million yuan, while intensifying industry competition and rising upstream raw material prices also pressured short-term profitability.
Shenzhen Longtech Smart Control Co. Ltd.Net profit fell 89.9% due to exchange losses, competition, and raw material costs.
