SinoHytec announced that for the six months ending June 30, 2026, the company's loss is expected to narrow by about 35% to 45% compared with the same period in 2025. The narrower loss was mainly due to deeper supply chain coordination management and faster inventory turnover, which lowered cost of sales, as well as continued cost reduction and efficiency improvement that reduced operating expenses such as selling, administrative and research and development expenses year on year. In addition, during the reporting period, the reversal of bad debt provisions made in prior years increased year on year, turning the net impairment loss on financial assets from a net loss into a net gain. At the same time, because the shareholding in some associates decreased, the share of losses of associates accounted for under the equity method narrowed year on year. In the first quarter of 2026, SinoHytec recorded revenue of 16.67 million yuan and a net loss attributable to the parent company of 51.04 million yuan.
Beijing SinoHytec Co. Ltd. ACompany expects first-half loss to narrow by 35-45% due to cost reductions and improved operations.
