Shenzhen Sinovatio Technology Co Ltd Class ANet loss widened to 129 million yuan in H1, with negative operating cash flow.
Sinovatio released its 2026 interim report, showing that net loss attributable to the parent company widened to 129 million yuan in the first half, compared with a loss of 67.15 million yuan in the same period last year. Operating revenue was 235 million yuan, up 4.0 percent year on year. Net loss attributable to the parent after deducting non-recurring items was 132 million yuan, and net operating cash flow was negative 142 million yuan. Second-quarter operating revenue was 133 million yuan, down 6.5 percent year on year, with a net loss attributable to the parent of 47.14 million yuan. The company said industry demand continues to grow, but some large projects involved purchasing third-party software and hardware, resulting in lower gross margins than self-developed products.
Shenzhen Sinovatio Technology Co Ltd Class ANet loss widened to 129 million yuan in H1, with negative operating cash flow.