Lihang Technology (603261.SH): Eligibility for specific customers to obtain orders is limited for 6 months and is expected to reduce revenue by about 50 million yuan in 2026

Zhitong Finance App News, Lihang Technology (603261.SH) issued an announcement. The company recently learned that due to special matters, the company's eligibility to obtain orders from specific customers will be limited for 6 months from July 2026.

The company's revenue recognition for specific customers in the past two years: in 2024, the company's revenue for specific customers was about 248 million yuan, accounting for 85.62% of the company's 2024 (audited) revenue; in 2025, the company's revenue for specific customers was about 243 million yuan, accounting for 70.54% of the company's 2025 (audited) revenue.

According to the company's preliminary estimates, during the period when order acquisition was restricted, the total amount affecting the reduction in orders (including winning bids and unsigned contracts, ongoing development projects, and intended projects) was about 70 million yuan in 2026; signed contract projects can still be executed normally, and various production and operation activities are carried out normally. The impact on 2026 revenue is expected to decrease by around 50 million. At the same time, in line with the business changes of major customers, the company will take positive countermeasures, actively develop new products, develop new markets, reduce costs and increase efficiency through existing advantages such as R&D technology and manufacturing processes, and strive to reduce the business impact of this incident on the company in order to maintain the company's continuous and stable development.