Huati Technology released its 2026 interim report, showing operating revenue of 283 million yuan, up 46.4 percent year on year, but net profit attributable to the parent company widened to a loss of 28.22 million yuan, compared with a loss of 25.11 million yuan in the same period last year. Net profit attributable to the parent after deducting non-recurring items was a loss of 22.08 million yuan, narrowing from 27.48 million yuan a year earlier. Net operating cash flow was negative 48.38 million yuan, an improvement of 46.1 percent year on year. The company said sales growth in charging piles and energy storage products drove the revenue increase, but changes in the market environment and intensifying industry competition led to a decline in gross margin, while the lithium ore processing business posted losses due to market fluctuations.
Sichuan Huati Lighting TechNet loss widened to 28.22 million yuan despite revenue growth.
Cendes Co Ltd Class ALithium ore processing business posted losses due to market fluctuations, indicating weak lithium prices.
