Xinlong Mobile (01362) announced interim results with profit attributable to owners of HK$491,000, turning a year-on-year loss into profit

According to the Zhitong Finance App, Xinlong Mobile (01362) announced interim results for the six months ended June 30, 2026, with revenue of HK$333 million, a year-on-year decrease of 41.27%; profit attributable to the company owner of HK$491,000, a loss of HK$3.297,000 for the same period last year; basic profit per share of HK$0.18 cents.

The announcement said that during the review period, demand in the Hong Kong consumer electronics market was still weak, reflecting consumers' cautious attitude towards non-essential expenses. This cautious approach was affected by a combination of high global oil prices, rising interest rates, and extended product replacement cycles due to supply chain shortages. In view of this, the Group prioritizes profitability over transaction volume and reduces the risks associated with low-profit businesses. As a result, revenue decreased by 41% compared to the same period last year.

The Group maintains strict control over operating expenses and continues to carefully manage its product portfolio to guarantee profit levels. At the same time, the Group is selectively increasing product inventories affected by anticipated supply restrictions and rising costs, particularly products containing memory chips. Such measures enabled the Group to turn a loss into a profit.