Transwarp Technology narrows first-half loss to 113 million yuan, revenue up 13.8% year on year

Earnings
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Transwarp Technology released its 2026 interim report. First-half operating revenue was 174 million yuan, up 13.8% year on year. Net loss attributable to the parent was 113 million yuan, narrowing from a loss of 143 million yuan in the same period last year. Net loss attributable to the parent after deducting non-recurring items was 143 million yuan, also down from a loss of 156 million yuan a year earlier. Net operating cash flow was negative 156 million yuan, down 17.4% year on year. Loss per share was 0.9315 yuan. In the second quarter, operating revenue was 92.35 million yuan, up 4.8% year on year. Net loss attributable to the parent was 56.84 million yuan, narrowing from a loss of 59.37 million yuan a year earlier. However, net loss attributable to the parent after deducting non-recurring items was 82.14 million yuan, widening from a loss of 68.4 million yuan in the same period last year. As of the end of the second quarter, total assets were 1.038 billion yuan, down 11.9% from the end of the previous year. Net assets attributable to the parent were 750 million yuan, down 13.1% from the end of the previous year. The company said its operating business maintained steady growth during the reporting period, especially in artificial intelligence and big data infrastructure, and it continued to increase investment in technology research and development and market expansion. Fundraising projects progressed smoothly, and the company is in a stage of rapid growth overall.

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