Wingtech Technology Co LtdNet profit swung to a loss of 406 million yuan, revenue down 94% year-on-year.
ST Wingtech has released its 2026 interim report, with net profit attributable to the parent company swinging from profit to loss. As of June 30, 2026, the company's total operating revenue was 1.514 billion yuan, a decrease of 23.827 billion yuan from the same period last year, down 94.02% year-on-year. Net profit attributable to the parent company was negative 406 million yuan, a decrease of 880 million yuan from the same period last year, down 185.74% year-on-year. Net cash flow from operating activities was negative 154 million yuan, a decrease of 4.415 billion yuan from the same period last year, down 103.62% year-on-year. The company's latest asset-liability ratio was 39.08%, a decrease of 7.74 percentage points from the same period last year. Gross margin was 25.73%, an increase of 11.97 percentage points from the same period last year, marking two consecutive years of growth.
Wingtech Technology Co LtdNet profit swung to a loss of 406 million yuan, revenue down 94% year-on-year.