According to the Zhitong Finance App, Huaping Co., Ltd. (300074.SZ) released the 2026 semi-annual report. During the reporting period, the company achieved revenue of 110 million yuan, a year-on-year decrease of 31.05%. The net loss attributable to shareholders of the listed company was RMB 25.292,200, and the net loss attributable to shareholders of the listed company after deducting non-recurring profit and loss was RMB 260.58 million.
The main factors driving changes in performance are as follows: (1) The main reason for the decline in the company's revenue in the first half of the year was due to a decline in emergency command and video communication business revenue. Judging from the industry cycle, large-scale infrastructure and supporting renovation projects for national treasury bonds in the first half of 2025 ushered in the final stage of procurement and implementation, and the company also seized orders released centrally under the treasury bond policy. After entering 2026, the policy dividends of early centralized investment gradually subsided, procurement requirements for new projects from relevant customer departments were tightened, and budget amounts were reduced, leading to a decline in total market orders compared to last year. (2) The company carried out personnel structure optimization work in 2025. The results of cost reduction and efficiency measures were evident during the reporting period, and labor costs and related expenses decreased significantly compared to the same period last year; at the same time, due to changes in revenue scale, total costs were reduced accordingly. In addition, depreciation costs for the current period were basically calculated. Depreciation costs for the current period decreased year-on-year. Multiple factors jointly drove the overall decline in operating costs, and the company's loss margin narrowed.