Sichuang Zhilian released its 2026 interim report. First-half operating revenue was 190 million yuan, down 65.2 percent year on year. Net loss attributable to the parent was 23.09 million yuan, narrowing from a loss of 51.83 million yuan in the same period last year. Second-quarter operating revenue was 98.82 million yuan, down 27.2 percent year on year. Net loss attributable to the parent was 14 million yuan, smaller than the loss of 32.27 million yuan a year earlier. As of the end of the second quarter, total assets were 927 million yuan, down 4.3 percent from the end of the previous year. Net assets attributable to the parent were 492 million yuan, down 4.6 percent from the end of the previous year. The company said it will focus on its core Internet of Things business and promote smart retail, intelligent loss prevention, apparel supply chain and smart city solutions in areas such as RFID and EAS tags. At the same time, chairman and general manager Wei Naixu has become the actual controller, ending a long period in which the company had no actual controller.
Hangzhou Century Co LtdRevenue down 65.2% but loss narrowed; company reports earnings and ownership change.
