ST Chunxing released its 2026 interim report. First-half operating revenue was 956 million yuan, down 2.2 percent year on year, while net loss attributable to the parent widened to 156 million yuan from 129 million yuan a year earlier. In the second quarter, operating revenue was 502 million yuan, down 3.7 percent year on year, and net loss attributable to the parent widened to 106 million yuan from 82.55 million yuan a year earlier. As of the end of the second quarter, total assets stood at 4.052 billion yuan, down 12.3 percent from the end of last year, and net assets attributable to the parent were negative 528 million yuan, down 36.0 percent from the end of last year. The company said its mobile communications business remains focused on radio frequency technology, while its auto parts business continues to cooperate with multiple new energy vehicle manufacturers. Net cash flow from operating activities was 56.37 million yuan, up 265.3 percent year on year, mainly due to a decrease in cash paid for goods. Management acknowledged uncertainty over its ability to continue as a going concern and said it will take measures to optimize the business structure.
SuZhou ChunXing Precision Mechanical Co LtdFirst-half net loss widened to 156 million yuan and net assets turned negative, with management flagging going-concern uncertainty.
