China Security Technology (600654.SH) announced semi-annual results, with net profit of 484.3337 million yuan, an increase of 1825.51% over the previous year

According to Zhitong Finance App News, China Security Technology (600654.SH) disclosed the 2026 semi-annual report. During the reporting period, the company achieved operating income of 1,159 billion yuan, a year-on-year decrease of 25.41%; net profit attributable to shareholders of listed companies was 484.337 million yuan, an increase of 1825.51% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 28.06 million yuan, an increase of 623.42% year on year; basic earnings per share were 0.0173 yuan.

Operating revenue during the reporting period reached 1,159 billion yuan, down 25.41% from the same period last year, mainly due to non-recurring factors and changes in business structure: first, due to the completion of equity disposal of the subsidiary Australian Security Group during the reporting period, the subsidiary was no longer included in the scope of consolidated statements, resulting in a year-on-year difference in consolidated revenue; second, due to increased market environment and industry competition, smart city system integration business revenue declined compared to the same period.

Net profit attributable to shareholders of listed companies during the reporting period was 484.337 million yuan, an increase of 1825.51% over the same period last year. It was mainly affected by a combination of investment income generated by disposal subsidiaries, increased credit impairment losses, and a decrease in expenses during the same period. The specific reasons are as follows: (1) investment income: one-time investment income was confirmed due to completion of the subsidiary's equity disposal; (2) credit impairment losses were reversed: claims that had been prepared for bad debts in the previous period were recovered at a high rate due to increased collection of long-age receivables; (3) period cost reduction: amortization expenses for the equity incentive plan confirmed during the same period last year did not occur in the current period.