MaiTuo Co. released its 2026 interim report. Affected by intensifying industry price competition that led to lower product unit prices, the company's revenue and profit both declined, and operating cash flow turned from positive to negative. During the reporting period, the company achieved operating revenue of 149 million yuan, down 10.59 percent year on year. Net profit attributable to the parent company was 9.6854 million yuan, down 72.64 percent year on year. Non-GAAP net profit was 11.2082 million yuan, down 67.63 percent year on year. Net cash flow from operating activities was negative 12.5949 million yuan, compared with a net inflow of 35.748 million yuan in the same period last year. Revenue from smart ultrasonic water meter products reached 132 million yuan, accounting for about 88 percent of total revenue, with a gross margin of 42.31 percent, down 8.17 percentage points from the same period last year. Revenue in East China fell 15.89 percent year on year to 56.265 million yuan, while revenue in North China rose 24.25 percent year on year to 33.0536 million yuan. The company recognized credit impairment losses and asset impairment losses totaling 16.5324 million yuan during the period, further weighing on net profit.
Meter Instruments Co. LtdLower product prices due to industry price competition reduced revenue and profit.
