Xinfengguang released its 2026 interim report, showing both revenue and profit declined during the reporting period, mainly dragged down by falling revenue from power quality management and energy storage products. The company achieved operating revenue of 725 million yuan, down 16.69 percent year on year; net profit attributable to the parent was 51.42 million yuan, down 14.54 percent; and non-GAAP net profit was 49.29 million yuan, down 13.50 percent. Net cash outflow from operating activities widened to negative 240 million yuan, while inventory reached 1.01 billion yuan, up 18.69 percent from the beginning of the period, with its share of total assets rising to 28.38 percent. Among the company's five major business segments, power quality monitoring and management revenue was 309 million yuan, high-end converter revenue was 6.85 million yuan, and energy storage system revenue was 32.30 million yuan. The decline in these segments was the main reason for the overall revenue drop. R&D expenses rose 22.32 percent year on year to 47.85 million yuan, used for frontier technology development such as solid-state transformers and grid-forming energy storage, further squeezing short-term profit.
WindSun Science & Technology Co. Ltd. ARevenue and profit declined, with energy storage and power quality segments dragging results.
