ST Xintong released its 2026 interim report. First-half operating revenue was 565 million yuan, up 761.5% year on year, but net profit attributable to the parent swung to a loss of 114 million yuan, compared with a loss of 95.16 million yuan a year earlier. Net loss attributable to the parent after deducting non-recurring items was 113 million yuan, versus a loss of 102 million yuan in the same period last year. Net operating cash flow was negative 148 million yuan, down 135.4% year on year. In the second quarter, operating revenue was 106 million yuan, up 341.8% year on year, and the net loss attributable to the parent narrowed to 64.55 million yuan from 66.55 million yuan a year earlier. As of the end of the second quarter, total assets were 1.43 billion yuan, down 18.1% from the end of the previous year, and net assets attributable to the parent were 843 million yuan, down 11.2%. The company said the industry environment continued to receive policy support during the reporting period, especially in the integrated development of artificial intelligence and information communications, and that it has defined its development positioning as a provider of customized computing power service solutions to drive business transformation.
Bright Oceans Inter Telecom CorpFirst-half net loss widened to 114 million yuan despite revenue surge, with negative operating cash flow.
