Lanke High-Tech released its 2026 interim report. During the reporting period, the company achieved operating revenue of 407 million yuan, down 1.25 percent year on year. Net profit attributable to the parent company was 53.04 million yuan, up 153.24 percent year on year. Net profit after deducting non-recurring items was 7.52 million yuan, down 50.64 percent year on year. Net cash flow from operating activities was negative 134 million yuan, with the net outflow widening compared with the same period last year. The profit growth was mainly driven by product mix optimization and a one-time investment gain of about 32.44 million yuan from transferring a 24 percent stake in Shanghai Hetu. However, the decline in net profit after deducting non-recurring items shows that the recovery of core business profitability remains volatile. The company signed new contracts worth 685 million yuan, up 11.35 percent year on year, but inventory reached 771 million yuan, up 22.68 percent from the beginning of the period, putting pressure on operating cash flow.
Lanpec Technologies LtdCore profitability declined (net profit ex non-recurring down 50.64%) and operating cash flow worsened, despite one-time gain.
