Longshine Tech H1 2026 Revenue RMB1.482 Billion, Down 3.89%; Net Loss RMB180 Million
Longshine Technology reported H1 2026 revenue of RMB1.482 billion, down 3.89% year on year, and a net loss attributable to shareholders of RMB180 million, versus a profit of RMB28.638 million a year earlier, a decline of 730.23%. The company cited seasonal energy digitalization, power trading price volatility, and AI model training costs. Q2 revenue fell 9.89% to RMB789 million, with a net loss of RMB131 million. Energy internet revenue rose 10.64% to RMB955 million, while energy digitalization and internet TV declined 22.42% and 22.29% respectively. Total assets fell 8.58% to RMB8.224 billion.
Longshine Technology disclosed its semi-annual report on August 16, 2026. During the reporting period, the company achieved operating revenue of RMB1.482 billion, down 3.89% year on year; net profit attributable to shareholders of the listed company was a loss of RMB180 million, compared with a profit of RMB28.638 million in the same period of 2025, a decrease of 730.23%. Net profit after deducting non-recurring gains and losses was a loss of RMB220 million, compared with a profit of RMB13.6385 million in the same period of 2025, a decrease of 1714.19%. Earnings per share for the first half was -RMB0.1674.
The company explained the reasons for the loss: first, the energy digitalization business has obvious seasonal characteristics, with net profit mainly reflected in the fourth quarter; second, while the power trading business grew rapidly in scale, it encountered the risk challenge of wide fluctuations in regional electricity market prices, resulting in a stage operating loss. The company also mentioned that in the short term, during the process of model stabilization, the large investment in training and optimization iterations led to cost scale growth, while electricity price fluctuations affected the stability of revenue and profit of the power trading business.
By quarter, the second quarter achieved operating revenue of RMB789 million, down 9.89% year on year; net profit attributable to shareholders was a loss of RMB131 million. As of the end of the first half, the company's total assets were RMB8.224 billion, down 8.58% from the end of 2025; net assets attributable to shareholders were RMB6.371 billion, down 6.2% from the end of 2025.
In terms of business, the energy digitalization business achieved revenue of RMB366 million, down 22.42% year on year; the internet TV business achieved revenue of RMB161 million, down 22.29% year on year; the energy internet business achieved revenue of RMB955 million, up 10.64% year on year. Among them, the "Xindiantu" aggregated charging platform's charging volume exceeded 4.6 billion kWh, up more than 65% year on year; power trading expanded to 18 provinces, with trading volume exceeding 10 billion kWh in the first half, five times that of the same period in 2025. The company's 2026 semi-annual plan does not distribute cash dividends, does not issue bonus shares, and does not convert capital reserve into share capital.