Longli Technology released its 2026 interim report, showing first-half net profit attributable to the parent of 23.68 million yuan, down 46.5% year on year. Operating revenue was 794 million yuan, up 11.9% year on year. Net profit attributable to the parent after deducting non-recurring items was 18.88 million yuan, down 50.4% year on year. Net operating cash flow was 159 million yuan, up 100.9% year on year. Earnings per share were 0.10 yuan. In the second quarter, operating revenue was 426 million yuan, up 15.5% year on year, while net profit attributable to the parent was 8.1 million yuan, down 40.8% year on year. The company said operations were affected by global macroeconomic fluctuations, changes in consumer electronics market demand, and rising raw material costs. Continued increases in memory chip prices pushed up production costs, and higher raw material prices for automotive display products also put pressure on gross margins. The company has adopted a strategy of ensuring delivery and stabilizing operations, while continuing to advance LIPO advanced packaging technology and Mini-LED technology upgrades, and deepening Micro-LED research and development.
Shenzhen Longli Technology Co Ltd Class AFirst-half net profit fell 46.5% year on year due to rising costs and weak demand.
