Kailong High-Tech released its 2026 interim report on August 27. First-half revenue was 358 million yuan, up 13.8 percent year on year, but net profit attributable to the parent swung from a loss of 10.69 million yuan a year earlier to a loss of 15.47 million yuan. Net profit attributable to the parent after deducting non-recurring items widened from a loss of 25.48 million yuan to a loss of 33.09 million yuan. Net operating cash flow was negative 48.05 million yuan, down 340.7 percent year on year, and earnings per share were negative 0.1358 yuan. In the second quarter, revenue was 183 million yuan, up 26.7 percent year on year, while net profit attributable to the parent widened from a loss of 4.84 million yuan to a loss of 25.58 million yuan, and net profit after deducting non-recurring items widened from a loss of 10.71 million yuan to a loss of 14.24 million yuan. As of the end of the second quarter, total assets were 1.29 billion yuan, down 0.6 percent from the end of the previous year, and net assets attributable to the parent were 428 million yuan, up 3.6 percent from the end of the previous year. The company said its main business has not undergone any material adverse change and there is no significant risk to its ability to continue as a going concern. While consolidating its commercial vehicle exhaust aftertreatment business, it is actively expanding into non-road mobile machinery, the marine sector and overseas markets. Its thermal management segment has completed batch delivery of multiple orders, its inspection and testing business has obtained relevant certification qualifications, and it is laying out embodied intelligence related business.
Kailong High Technology Co. Ltd.First-half net loss widened to 15.47 million yuan from 10.69 million yuan, with operating cash flow deeply negative.
