Zhongke Magnetic Industry disclosed its 2026 semi-annual report on August 28. In the first half of the year, total operating revenue reached 428 million yuan, up 23.44% year-on-year, but net profit attributable to the parent company was only 8.2327 million yuan, down 60.62% year-on-year. Non-GAAP net profit was 5.7978 million yuan, down 66.70% year-on-year. Net cash flow from operating activities was negative 110 million yuan, compared with negative 35.0666 million yuan in the same period last year. The company is mainly engaged in the research, development, production and sales of permanent magnet materials. As of the close on August 27, the company's price-to-earnings ratio on a trailing twelve-month basis was about 253.98 times, and its price-to-book ratio was about 4.14 times.
ZheJiang ZhongKe Magnetic Co. Ltd. ANet profit down 60.62% year-on-year despite revenue growth, with negative operating cash flow.
