-+ 0.00%
-+ 0.00%
-+ 0.00%
Zhongkang Technology Holdings (02361) issued a profit warning. Net profit for the medium term is expected to decrease by about 600,000 yuan to 6.6 million yuan year-on-year
Share
Listen to the news

According to the Zhitong Finance App, Zhongkang Technology Holdings (02361) announced that (i) the Group's revenue for the six months ended June 30, 2026 (the first half of 2026) will increase moderately, with an estimated amount of approximately RMB 159 million to RMB 165 million, compared to approximately RMB 148 million for the same period in 2025; and (ii) net profit for the first half of 2026 will decline, with an estimated amount ranging from RMB 600,000 to RMB 6.6 million for the same period in 2025.

The Board believes that the expected decline in profit is mainly due to (i) exchange losses on the Group's dollar-denominated assets due to the depreciation of the US dollar against the RMB during the period; and (ii) the increase in R&D investment, including recruiting more R&D talents and developing AI-driven platforms to enhance the Group's long-term competitiveness.

Despite a decline in profit expectations, the Group's revenue for the first half of 2026 increased moderately compared to the same period in 2025. The Group continued to advance its strategic initiatives during the period, including expanding innovative data-driven businesses and developing AI-driven platforms. The Group maintains a sound financial position and has sufficient cash reserves to support its operations and sustainable development. The Board considers these factors to be of a transitional nature, and the Group remains confident in its long-term growth prospects.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending