Tianao Electronics released its 2026 interim report. Revenue from its time synchronization product series grew 63.53% year on year, driving a 11.28% increase in net profit attributable to the parent company, but operating cash flow turned from positive to negative. During the reporting period, the company achieved operating revenue of 303 million yuan, down 4.76% year on year; net profit attributable to the parent company was 9.2456 million yuan, up 11.28% year on year; and non-GAAP net profit was 8.0315 million yuan, a sharp year-on-year increase of 161.67%. Revenue from the time synchronization product series reached 141 million yuan, with its share of total revenue rising to 46.65%, and gross margin up 4.40 percentage points year on year. Revenue from the traditional frequency product series was 158 million yuan, down 29.57% year on year. Net cash flow from operating activities was negative 38.5197 million yuan, compared with a net inflow of 27.029 million yuan in the same period last year. Accounts receivable reached 882 million yuan, accounting for more than 32% of total assets, and inventory increased to 921 million yuan.
Chengdu Spaceon Electronics Co Ltd Class AInterim report shows net profit up 11.28% and non-GAAP net profit up 161.67%, though cash flow turned negative.
