Putian Technology released its 2026 interim report. Operating revenue was 1.77 billion yuan, down 12.8% year on year. Net profit attributable to the parent swung from a loss of 20.8 million yuan in the same period last year to a loss of 24.92 million yuan, widening the deficit. Net profit attributable to the parent after deducting non-recurring items swung from a loss of 29.33 million yuan a year earlier to a loss of 30.49 million yuan, also widening the deficit. Net operating cash flow was negative 280 million yuan, down 154.8% year on year. In the second quarter, operating revenue was 921 million yuan, down 20.1% year on year. Net profit attributable to the parent swung from a loss of 4.41 million yuan a year earlier to a loss of 8.35 million yuan, widening the deficit. As of the end of the second quarter, total assets stood at 8.755 billion yuan, down 5.8% from the end of the previous year. Net assets attributable to the parent were 3.714 billion yuan, down 0.8% from the end of the previous year. In the interim report, the company said its main operations remain focused on the information and communications sector, especially public network communications, private network communications and smart applications, and intelligent manufacturing, while it is also making arrangements in emerging industries such as the low-altitude economy and data governance.
Cetc Potevio Science&Technology Co LtdCompany reported widening first-half loss and revenue decline.
