Western Superconducting H1 Net Profit 345 Million Yuan, Down 36.77%; Plans 2 Yuan Dividend Per 10 Shares
Western Superconducting reported a 36.77% year-on-year drop in H1 net profit to 345 million yuan, with revenue down 4.07% to 2.612 billion yuan. The company plans a cash dividend of 2 yuan per 10 shares.
Western Superconducting Technologies released its 2026 semi-annual report. During the reporting period, the company achieved operating revenue of 2.612 billion yuan, down 4.07% year-on-year; net profit attributable to shareholders of the listed company was 345 million yuan, down 36.77% year-on-year; basic earnings per share were 0.5315 yuan. The company plans to distribute a cash dividend of 2 yuan (pre-tax) for every 10 shares to all shareholders.
Regarding the performance change, the company stated that it was mainly affected by product structure adjustments and declines in selling prices of some products, while the company continued to increase R&D investment, and government grants recognized in current-period profit decreased.