ST Tianji released its 2026 interim report. First-half operating revenue was 125 million yuan, down 15.14% year on year. Net loss attributable to the parent was 47.55 million yuan, widening from a loss of 46.6 million yuan in the same period last year. Second-quarter revenue was 61.87 million yuan, down 24.1% year on year, while net loss attributable to the parent was 29.75 million yuan, narrowing from a loss of 37.36 million yuan a year earlier. As of the end of the second quarter, total assets stood at 1.38 billion yuan, down 11.0% from the end of the previous year, and net assets attributable to the parent were 1.127 billion yuan, down 8.04%. The company cautioned that it faces risks from technological innovation and market competition. In particular, technology is iterating rapidly in artificial intelligence and cloud computing, and misjudgments or insufficient research and development investment could weaken its core competitiveness. At the same time, as the information technology application innovation market expands and digital transformation deepens, industry competition is intensifying, with pressure coming from traditional IT service providers, large cloud vendors, and emerging technology companies. The company plans to continue increasing research and development investment and strengthen its differentiated advantages to enhance customer stickiness and risk resilience.
Shanghai Dragonnet TechFirst-half revenue fell 15.14% and net loss widened to 47.55 million yuan, reflecting deteriorating financial performance.
