Invengo swings to loss, buys nuclear fusion and optical communications assets
H1 loss confirmed, but cash flow improves Invengo's first-half 2026 net loss was 95.81 million yuan, versus a profit a year earlier, mainly from non-cash fair-value swings and lower associate income. Revenue fell 11% to 249 million yuan. Still, operating cash flow jumped 272% to 36.6 million yuan, showing the core business generates cash.
The loss is the main reason the stock is under pressure, but the cash-flow improvement is a real counterweight.
New controlling stake in nuclear fusion firm Invengo invested 38 million yuan for a controlling stake in Rongke Hengyang, entering the controllable nuclear fusion sector. The target has provided technical support for the ITER project and won related orders this year. This adds a new growth story beyond its core RFID business.
This is a new business line that could drive future revenue and investor interest.
Plans to buy optical communications equipment maker Invengo announced plans to acquire 100% of Shenzhen Guangtai Communication Equipment, which makes automated coupling and test equipment for optical communication devices. This expands Invengo into a new tech hardware area, potentially adding revenue and synergies with its existing IoT focus.
The acquisition is a new strategic move that could reshape the company's business mix.
Buyback plan signals confidence Invengo plans to repurchase 50-100 million yuan of its own shares for equity incentives. Buybacks reduce shares outstanding and show management believes the stock is undervalued, which can support the price. This is a concrete action, not just a statement.
The buyback is a direct capital-markets action that can lift investor sentiment and support the share price.