ST Yuandao released its 2026 interim report, showing first-half operating revenue of 492 million yuan, down 15.8% year on year, and a loss of 54.99 million yuan, down 444.1% year on year. Second-quarter operating revenue was 131 million yuan, down 52.8% year on year, with a net loss attributable to the parent company of 55.78 million yuan, down 1,143.4% year on year. As of the end of the second quarter, the company's total assets stood at 2.783 billion yuan, down 8.3% from the end of the previous year, while net assets attributable to the parent company were 1.889 billion yuan, down 2.8%. The company said the decline in operating revenue was mainly due to the termination of an operating contract by an important client, and it also faces risks from intensifying market competition and high customer concentration. In addition, because of suspected illegal information disclosure, the company's shares have been placed under delisting risk warning and it may face compulsory delisting.
Wintao Communications Co. LtdCompany reported a first-half loss and revenue decline, with delisting risk warning.
