Morn Electric released its 2026 interim report on August 24, 2026. During the reporting period, net profit attributable to the parent company was 5.761 million yuan. Total operating revenue was 730 million yuan, a decrease of 82.8009 million yuan compared with the same period last year, down 10.18 percent year on year. Net cash flow from operating activities was negative 148 million yuan, a decrease of 126 million yuan compared with the same period last year. The company's latest asset-liability ratio was 54.87 percent, up 1.69 percentage points from the previous quarter. The latest gross margin was 10.31 percent, down 0.70 percentage points from the previous quarter. The latest return on equity was 0.75 percent, and diluted earnings per share was 0.01 yuan.
Shanghai Morn Electric Equipment Co LtdNet profit of 5.761 million yuan, revenue down 10.18%, operating cash flow negative, and margins declining.