Zhejiang Meishuo Electric Technology Co. Ltd. ANet profit of 44.39 million yuan with negative operating cash flow and declining inventory turnover indicate weak financial performance.

Meishuo Technology released its 2026 interim report, with total operating revenue of 482 million yuan and net profit attributable to the parent company of 44.3933 million yuan, ranking 80th and 60th respectively among peer companies that have already disclosed results. Net cash flow from operating activities was negative 51.9202 million yuan, a decrease of 30.2589 million yuan compared with the same period last year. The company's asset-liability ratio was 30.10%, up 4.48 percentage points from the same period last year; gross margin was 22.25%, ROE was 4.53%, and diluted earnings per share was 0.44 yuan. Total asset turnover was 0.35 times, and inventory turnover was 1.98 times, down 7.20% year-on-year. The number of shareholders was 6,200, and the top ten shareholders held 73.86% of the total share capital.
Zhejiang Meishuo Electric Technology Co. Ltd. ANet profit of 44.39 million yuan with negative operating cash flow and declining inventory turnover indicate weak financial performance.