Zhenyou Technology released its 2026 interim report, with operating revenue of 254 million yuan, down 27.6 percent year on year. Net profit attributable to the parent swung from a loss of 47.59 million yuan in the same period last year to a loss of 131 million yuan. Second-quarter operating revenue was 137 million yuan, down 24.5 percent year on year, with a net loss attributable to the parent of 85.74 million yuan. The company said revenue from core network systems increased, but revenue from optical network and access systems, as well as digital intelligent network and smart emergency systems, declined, mainly due to intensifying market competition and delayed project delivery schedules. Research and development expenses accounted for 35.66 percent of operating revenue, up 10.91 percentage points from the same period last year.
Genew Technologies Co LtdFirst-half revenue fell 27.6% and net loss widened to 131 million yuan from a 47.59 million yuan loss a year earlier.
