Hangya Technology released its 2026 interim report, showing first-half net profit attributable to the parent of 51.3 million yuan, down 16.19 percent year on year. Operating revenue was 374 million yuan, up 1.14 percent year on year, mainly due to growth in overseas business volume. The decline in net profit was mainly caused by higher foreign exchange losses and credit impairment losses. Net operating cash flow was 71.81 million yuan, up 125.94 percent year on year, mainly due to increased collection of payments for goods. The company flagged risks including customer concentration, accounts receivable, inventory write-downs, gross margin, exchange rate fluctuations and overseas sales. Sales to the top five customers accounted for 86.78 percent of the total, and export revenue accounted for 57.66 percent of main business revenue.
Wuxi Hyatech Co. Ltd. AFirst-half net profit fell 16% due to higher forex losses and credit impairments.
