According to Zhitong Finance App News, Xianglong Electric (600769.SH) disclosed its 2026 semi-annual report. During the reporting period, the company achieved revenue of 40.35 million yuan, an increase of 1.31% year on year; net profit attributable to shareholders of listed companies was 9.27 million yuan, a year-on-year decrease of 35.21%; after deducting non-net profit of 8.43 million yuan, an increase of 82.62% year on year; basic earnings per share were 0.0247 yuan.

The reason for the decrease in net profit compared to the same period of the previous year: The recovery of old arrears in the same period last year affected the sharp return of credit impairment losses.

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