Shunwang Technology released its 2026 semi-annual report. First-half operating revenue was 566 million yuan, down 44.02 percent year on year, while net profit attributable to the parent company was 158 million yuan, a slight decline of 2.01 percent. The company said the revenue drop was mainly due to proactively scaling back low-margin businesses under online advertising and value-added services, including game distribution, and shifting resources toward high-margin, high-potential segments. Revenue from online advertising and value-added services was 385 million yuan, accounting for nearly 68 percent of total revenue, while game business revenue was 176 million yuan with a gross margin as high as 93.36 percent. The two segments together contributed more than 99 percent of operating revenue. Net cash flow from operating activities was 108 million yuan, basically flat compared with the same period last year, and the overall gross margin was 66.79 percent.
Hangzhou Shunwang TechRevenue fell 44% due to scaling back low-margin businesses, though net profit only slightly declined.
