Shanghai Longcheer Technology Co., Ltd. (603341.SH) has released its semi-annual report for fiscal year 2026, showing total operating revenue of RMB18.661 billion, a year-on-year decrease of 6.26%. The net profit attributable to shareholders of the listed company stood at RMB246 million, reflecting a 30.86% decline from the prior year period.

Adjusted net profit excluding non-recurring gains and losses recorded a loss of RMB101 million, marking a swing from profitability to losses compared to the same period last year. Basic earnings per share came in at RMB0.48 for the reporting period.

The company attributed the year-on-year decline in key profit-related accounting metrics to increased investment in new business areas, particularly AI PC and automotive electronics, which drove higher research and development expenses. Additionally, unfavorable fluctuations in the US dollar exchange rate led to increased finance costs during the period.

Net cash flow generated from operating activities also decreased year-on-year, primarily due to reduced recovery of restricted monetary funds compared to the corresponding period in the previous year.