Sunsea AIoT announced that it expects net profit attributable to the parent to be between 13 million and 16 million yuan in the first half of 2026, compared with a loss of 43.49 million yuan in the same period last year. Net profit after deducting non-recurring items is expected to be between 6.48 million and 9.48 million yuan, compared with a loss of 44.6 million yuan a year earlier. The improvement is mainly due to the company's focus on its core business, which drove year-on-year revenue growth, continued cost reduction and efficiency gains, and optimization of its financing structure, which lowered period expenses. In addition, strengthened collection of accounts receivable led to the reversal of some credit impairment losses, boosting profit. In the first quarter of 2026, the company achieved revenue of 670 million yuan and net profit attributable to the parent of 9.86 million yuan.
SUNSEA Telecommunications Co LtdCompany expects net profit attributable to parent of 13-16 million yuan in H1 2026, reversing a loss of 43.49 million yuan year-on-year, driven by revenue growth, cost reduction, and financing optimization.