Xinyu Guoke released its 2026 interim report. First-half net profit attributable to the parent was 17.7193 million yuan, down 32.76% year on year, while operating revenue was 157 million yuan, down 4.27%. Net profit excluding non-recurring items fell 45.28%, and net cash flow from operating activities turned from positive to negative at minus 29.9148 million yuan, a decline of 545.71%, mainly due to increased cash outflows for purchasing goods, paying taxes, and operating-related payments. Overall gross margin fell to 40.21% from 48.60% in the same period last year. Pressure on net profit came from a 22.07% decline in military product revenue and an 11.37% rise in operating costs, compounded by pressure from military product pricing and cost control. By product, military product revenue was 89.1244 million yuan with a gross margin of 37.70%, down 10.21 percentage points year on year. Civilian product revenue was 62.0879 million yuan, up 29.38% year on year, with a gross margin of 46.10%, still higher than military products but down 5.94 percentage points year on year. Civilian product growth was driven by government bond projects for weather modification, but rising costs eroded profit. Other business revenue was 6.1187 million yuan, surging 208.44%. Regarding shareholders, Chairman Yuan Yougen reduced his holdings by 30,000 shares, General Manager Liu Aiping and Deputy General Manager He Guangming each reduced by 20,000 shares, and the two shareholding platforms Xinyu Kexin and Xinyu Guohui also made small reductions.
Jiangxi Xinyu Guoke Technology Co Ltd Class AFirst-half net profit attributable to parent fell 32.76% year on year, with revenue down 4.27% and gross margin down to 40.21%.
XINYUREN ORD A (SHH) EQSW Exp:First-half net profit attributable to parent fell 32.76% year on year, with revenue down 4.27% and gross margin down to 40.21%.
