Wantong Technology released its 2026 interim report on August 26. The company achieved operating revenue of 444 million yuan, up 37.07% year on year, but net profit attributable to the parent was a loss of 65.84 million yuan, with the loss widening 75.85% year on year, showing a pattern of rising revenue without rising profit. Port and shipping business revenue was 102 million yuan, up 73.34% year on year. Intelligent security business revenue surged 473.06% to 54.89 million yuan. Expressway business revenue was 202 million yuan, up 28.74% year on year. The widening loss was mainly due to a 25.71 percentage point drop in the port and shipping segment's gross margin to 11.05%, a 5.62 percentage point decline in the overall system integration business gross margin to 7.79%, as well as equity incentive expense amortization of about 20.89 million yuan and a 181.84% year-on-year surge in financial expenses. The company's net cash flow from operating activities was negative 145 million yuan, with the net outflow widening. Looking ahead, demand for smart expressways and port digitalization upgrades is expected to be released, but intensifying industry competition, longer collection cycles, and raw material price fluctuations remain the main risks.
Anhui Wantong Technology Co LtdNet loss widened 75.85% despite revenue growth, with margin declines and higher expenses.
