Primarius Technologies released its 2026 interim report. First-half operating revenue was 240 million yuan, up 10.0% year on year, but net profit attributable to the parent company was a loss of 6.73 million yuan, down 114.6% year on year. The non-GAAP net loss attributable to the parent widened to 20.06 million yuan from 4.98 million yuan a year earlier, and net operating cash flow was negative 50.71 million yuan, down 361.9% year on year. In the second quarter, operating revenue was 140 million yuan, up 10.0% year on year, while net profit attributable to the parent was 5.56 million yuan, down 87.6% year on year. As of the end of the second quarter, total assets were 2.514 billion yuan, down 2.1% from the end of the previous year, and net assets attributable to the parent were 2.007 billion yuan, up 0.1% from the end of the previous year. Total research and development spending during the reporting period was 134 million yuan, accounting for 55.94% of operating revenue, down 10.61 percentage points from 66.55% a year earlier, mainly because share-based payment expenses decreased and the technology development solutions division focused on service delivery. In addition, the company implemented an equity incentive plan involving 1.4 million restricted shares.
Primarius Technologies Co. Ltd. AFirst-half net loss widened 114.6% YoY and operating cash flow turned sharply negative.
