Chunzhong Technology (603516.SH) released its first half results, turning a loss into a profit of 132 million yuan

According to the Zhitong Finance App, Chunzhong Technology (603516.SH) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 118 million yuan, a year-on-year decrease of 8.78%. Achieved net profit of 132 million yuan attributable to shareholders of listed companies. Net loss attributable to shareholders of listed companies was $42.1263 million after deducting non-recurring profit and loss.

During the reporting period, new contracts for the company's traditional professional audiovisual business declined. New businesses such as professional chips and artificial intelligence had not yet been expanded, and revenue fell 8.78% year on year. Affected by the rise in prices of electronic components such as memory chips, the gross margin of the professional audiovisual business declined; the current product revenue structure changed, and the share of revenue from professional chip products increased, leading to a decline in the company's overall gross margin. Facing current market demand and industry pressure, the company will continue to expand artificial intelligence and other businesses, increase R&D investment, enrich product line layout, continue to promote iterative product upgrading and market development, and take more measures to increase the company's revenue scale and optimize overall operating efficiency.

At the end of the reporting period, the number of Mu Xi shares (SH.688802) held by the company was 854,256 shares. The company designated this investment as a financial asset measured at fair value and the changes included in the current profit and loss. The total market value of positions calculated based on the closing price of 828.30 yuan on the balance sheet was 707.58 million yuan, corresponding investment costs were 50 million yuan, and the profit was 657.58 million yuan. Due to the limited sales period, fair value measurement needs to take into account the impact of liquidity discounts. According to a preliminary assessment by a professional evaluation agency, the investment is expected to increase the fair value change income by $186.43 million during the reporting period. After considering deferred income tax expenses, the impact on net profit attributable to shareholders of the listed company is $158.47 million.