Sinnet Technology released its 2026 interim report, showing first-half net profit attributable to the parent fell 47.1% year on year to 60.86 million yuan. Operating revenue was 3.33 billion yuan, down 10.3% year on year; non-GAAP net profit attributable to the parent was 23.84 million yuan, down 78.6%; net operating cash flow was 573 million yuan, down 4.6%. In the second quarter, operating revenue was 1.7 billion yuan, down 9.9% year on year; net profit attributable to the parent was 38.39 million yuan, down 16.3%. As of the end of the second quarter, total assets were 19.99 billion yuan, down 1.7% from the end of the previous year; net assets attributable to the parent were 11.85 billion yuan, up 0.3% from the end of the previous year. The company's IDC business achieved operating revenue of 1.172 billion yuan, up 9.38% year on year, with about 10,000 new cabinets put into production, bringing the total to 92,000; cloud computing business revenue was 2.125 billion yuan, down 17.32% year on year.
Beijing Sinnet Technology Co LtdFirst-half net profit attributable to parent fell 47.1% year on year to 60.86 million yuan, with non-GAAP net profit down 78.6%.
