Xinxunda announced its 2026 interim report on August 27. First-half operating revenue was 80.25 million yuan, down 7.4 percent year on year, while net profit attributable to the parent swung from a loss of 13.57 million yuan a year earlier to a loss of 56.97 million yuan. Second-quarter revenue was 23.7 million yuan, down 34.5 percent year on year, with a net loss attributable to the parent of 43.26 million yuan. The company said its business operations have undergone significant changes. It has completed a capital increase in Xinxing Optoelectronics and acquired a 51 percent stake, and will in future engage in compound semiconductor laser chip foundry services. Its e-commerce business is shifting from livestream e-commerce to direct e-commerce sales, but has yet to gain scale. Lithium ore product sales and commissioned processing continue to advance, though volume remains limited.
Shenzhen Shengxunda Technology Co Ltd Class AXinxunda's first-half loss widened to 56.97 million yuan with revenue down 7.4% and Q2 revenue down 34.5%.
Xinxunda completed a capital increase in Xinxing Optoelectronics and acquired a 51% stake, but no standalone financial impact is given.
