Zongteng released its 2026 semi-annual report. In the first half, net profit attributable to the parent was 185 million yuan, turning losses into profits year on year. Operating revenue was 2.56 billion yuan, down 2.5 percent year on year. Net profit attributable to the parent after deducting non-recurring items was 22.21 million yuan, compared with a loss of 6.92 million yuan in the same period last year. Net operating cash flow was 18.22 million yuan, down 69.4 percent year on year. Earnings per share were 0.1186 yuan. In the second quarter, operating revenue was 1.27 billion yuan, down 7.4 percent year on year, and net profit attributable to the parent was 27.5 million yuan, compared with a loss of 1.99 million yuan in the same period last year. As of the end of the second quarter, the company's total assets were 2.768 billion yuan, down 1.4 percent from the end of the previous year, and net assets attributable to the parent were 675 million yuan, up 48.7 percent. The company said its business continues to focus on cross-border e-commerce as its main business, including import and export e-commerce, and serves domestic consumers through entities such as Youyi E-commerce. In addition, the bankruptcy liquidation of its wholly owned subsidiary Shenzhen Safu has had a significant impact on the scope of consolidation. Since March 5, 2026, it has no longer been included in the consolidated statements, which helps divest loss-making entities and improve the statement structure.
Global Top E Commerce Co LtdTurned losses into profits with net profit of 185 million yuan, though revenue declined.
