Sinan Navigation released its 2026 interim report. First-half operating revenue reached 172 million yuan, up 0.9 percent year on year, but net profit attributable to the parent swung from a loss of 2.72 million yuan in the same period last year to a loss of 6.29 million yuan. Net profit attributable to the parent after deducting non-recurring items was a loss of 10.42 million yuan, widening from a loss of 7.65 million yuan a year earlier. In the second quarter, the company posted revenue of 106 million yuan, down 16 percent year on year, and net profit attributable to the parent of 940,000 yuan, down 87.8 percent year on year. As of the end of the second quarter, total assets stood at 1.222 billion yuan, down 5.9 percent from the end of the previous year, while net assets attributable to the parent were 953 million yuan, down 0.4 percent. The company said net operating cash flow was negative 30.32 million yuan, an improvement from the same period last year, mainly because cash received from selling goods increased, while the company also made forward-looking investments in cutting-edge technologies such as BeiDou and low-earth-orbit high-precision integrated positioning technology.
COMNAV ORD A (SHH) EQSW Exp:First-half net loss widened to 6.29 million yuan from a 2.72 million yuan loss a year earlier, with Q2 profit down 87.8%.
