Xishan Technology released its 2026 interim report. First-half operating revenue was 120 million yuan, down 22.9% year on year, with a loss of 25.46 million yuan, a decline of 174.1% from a year earlier. Second-quarter operating revenue was 47.75 million yuan, down 46.4% year on year, while net profit attributable to the parent company showed a loss of 32.75 million yuan, down 243.0% year on year. The company said the revenue decline was mainly due to fluctuations in end-market demand caused by changes in the macro environment and industry regulatory policies, as well as adjustments to its marketing system. Meanwhile, international revenue reached 12.34 million yuan, an increase of more than 150% year on year, and research and development spending accounted for 25.68% of revenue, up 9.72 percentage points from the same period last year.
Chongqing Xishan Science&Technology Co. Ltd. AFirst-half loss and revenue decline due to end-market demand fluctuations from macro and regulatory changes.
