Longyang Electronics released its 2026 half-year report, showing first-half net profit attributable to the parent fell 24.1% year-on-year to 41.42 million yuan, while operating revenue rose 121.2% year-on-year to 341 million yuan. In the second quarter, operating revenue grew 115.7% year-on-year to 175 million yuan, while net profit attributable to the parent declined 39.3% year-on-year to 14.5 million yuan. The company said that although progress was made in product innovation and market expansion, shrinking global consumer electronics demand led to the decline in net profit. In the first half, the company completed equity acquisitions of Weisi Shuanglian and Deyou New Materials, and the consolidation effect drove a substantial increase in revenue. Going forward, it will strengthen post-investment management and optimize the supply chain to enhance competitiveness.
Long Young Electronic (Kunshan) Co. Ltd. AFirst-half net profit fell 24.1% year-on-year despite revenue surge, driven by shrinking consumer electronics demand.
