Qianfang Technology disclosed its earnings forecast, expecting a net loss attributable to the parent of 15 million to 25 million yuan in the first half of 2026, compared with a profit of 170 million yuan in the same period last year. The company expects non-recurring net profit of 4.5 million to 6.75 million yuan in the same period, a year-on-year decrease of 76.03% to 84.02%, with basic earnings per share of negative 0.01 yuan to negative 0.02 yuan. The change in performance is mainly due to a year-on-year decline in revenue from the smart transportation segment, as well as an impact of approximately 231 million yuan on net profit from changes in the fair value of equity instruments held, while the profitability of the smart IoT segment has steadily improved.
China TransInfo Technology Co LtdCompany expects net loss of 15-25 million yuan in H1 2026 vs profit of 170 million yuan last year, with revenue decline and fair value loss.