Longood Intelligent has released its 2026 interim report. In the first half, the company's operating revenue was 883 million yuan, up 12.5% year on year, but net profit attributable to the parent company showed a loss of 25.18 million yuan, down 192.5% year on year. Net operating cash flow was negative 49.09 million yuan, down 163.0% year on year. Second-quarter revenue was 508 million yuan, up 29.5% year on year, with a net loss attributable to the parent company of 16.91 million yuan. As of the end of the second quarter, the company's total assets were 2.137 billion yuan, up 2.8% from the end of the previous year, while net assets attributable to the parent company were 1.38 billion yuan, down 2.6% from the end of the previous year. The company said that during the reporting period its business focused on products such as intelligent control, intelligent power supplies, brushless motor control, new energy and smart home appliances, and it successfully developed new downstream customers in areas including smart pets, automotive electronics and robotics, while also launching ODM business for new consumer appliance complete units. Management noted that rising raw material prices and intensifying market competition have driven up production costs, and exchange rate fluctuations have also affected revenue and profit. The company is addressing these challenges by strengthening cash flow forecasting, technological innovation and raw material supply assurance.
Shenzhen Longood Intelligent Electric Co Ltd Class AFirst-half net loss of 25.18 million yuan, down 192.5% year on year, with negative operating cash flow.
