Riyueming released its 2026 interim report on August 27. During the reporting period, it achieved operating revenue of 54 million yuan, up 12.43 percent year on year, but net profit attributable to the parent company was 20 million yuan, down 9.96 percent year on year, and operating cash flow turned from positive to negative at minus 30 million yuan. Revenue from the company's core product, the track geometry condition inspection system, was 36 million yuan, up 18.07 percent year on year, with a gross margin as high as 72.37 percent, while revenue from track tools and equipment systems and services was 18 million yuan, with a gross margin of only 8.14 percent, down 2.15 percentage points year on year, dragging down overall profitability. Cash and bank balances at the end of the period were 194 million yuan, down 43.33 percent from the beginning of the period, mainly because idle funds were used to purchase wealth management products, with trading financial assets reaching 301 million yuan. The company earned investment income of 27 million yuan and fair value change gains of 11 million yuan through wealth management, but the growth rate of non-recurring net profit was far lower than the revenue growth rate. Looking ahead, the company is expected to benefit from China State Railway Group's promotion of the 15th Five-Year Plan and railway equipment renewal and upgrading, but it needs to guard against payment collection risks arising from high customer concentration.
Jiangxi Everbright Measurement ContNet profit down 9.96%, operating cash flow turned negative, and cash balance fell 43.33%.
