SZZT Electronics disclosed its 2026 semi-annual report on the evening of August 28. In the first half, it achieved operating revenue of 518 million yuan, up 18.38 percent year on year. Net profit attributable to shareholders of the listed company was 5.72 million yuan, and non-recurring net profit was 1.71 million yuan, both turning from loss to profit year on year. Among these, IDC and cloud computing, as the existing core business, generated revenue of 349 million yuan, up 6.21 percent year on year, accounting for 67.36 percent of operating revenue, with a gross margin of 23.88 percent. The overseas fintech business became the core growth driver, with segment revenue of 123 million yuan, up 88.92 percent year on year, and a gross margin of 40.53 percent. Overseas revenue was 88.69 million yuan, up 239.54 percent year on year. The company said it is advancing an application for a public infrastructure REIT, planning to use the Changsha Cloud Valley data center as the underlying asset, in order to ease the operational pressure of its asset-heavy model.
SZZT Electronics Co LtdReturn to profit and strong overseas fintech growth drive positive earnings report.
