Shibei Hi-Tech: loss narrows, property sales and fund bets build
First-half loss narrows but still deep in the red Shibei Hi-Tech expects a first-half 2026 net loss of 60-90 million yuan, better than last year's 142 million yuan loss. The interim report confirmed a 71.1 million yuan loss. A loss means the company is still spending more than it earns, which weighs on the stock.
The core earnings picture is the main reason the stock is under pressure.
Revenue jumps and cash flow turns strongly positive Interim revenue rose 117.67% to 1.31 billion yuan, and operating cash inflow swung to 380 million yuan from an outflow. More cash coming in means the business is generating real money, which supports the stock even while reported profit is negative.
This is the strongest new fundamental positive in the period.
569 million yuan property sale contract signed A wholly-owned subsidiary signed a 569 million yuan contract to sell commercial housing in Jing'an District, Shanghai. The company says it will boost revenue and profit if completed. That is a large chunk of future income and a clear positive for the stock.
A major new sales contract directly supports future earnings.
Small venture and private-equity fund bets continue Shibei Hi-Tech committed 22.46 million yuan to a venture fund and 25 million yuan to a private-equity fund focused on tech firms. These are small bets to build an investment pipeline; they could pay off later but add risk and do little for near-term profit.
Shows the company's strategy of investing in tech startups, a modest but ongoing theme.