Shangtai Technology released its 2026 interim report, with net profit attributable to the parent company of 400 million yuan, a decrease of 16.60% compared with the same period last year. The company's total operating revenue was 4.51 billion yuan, up 33.11% year-on-year, achieving growth for three consecutive years. Net cash flow from operating activities was negative 1.723 billion yuan, a decrease of 1.284 billion yuan compared with the same period last year. The company's latest asset-liability ratio was 57.90%, an increase of 20.62 percentage points from the same period last year; the latest gross margin was 18.30%, a decrease of 7.38 percentage points from the same period last year.
Shijiazhuang Shangtai Technology Co. Ltd. ANet profit fell 16.6% year-on-year despite revenue growth, with negative operating cash flow and lower gross margin.
