Xintian Technology Forecasts 70%-80% Drop in First-Half Profit

Xintian Technology said on July 27 that it expects net profit attributable to shareholders of 16 million yuan to 24 million yuan in the first half of 2026, down 69.58% to 79.72% from 78.9033 million yuan a year earlier, according to Jiemian News. The company said non-recurring gains and losses are expected to reduce net profit by about 23 million yuan in the period, including an estimated 28 million yuan hit from securities investments, mainly due to changes in the fair value of its trading financial assets. It added that most of the securities it holds are high-quality assets with strong fundamentals, relatively high dividend yields and stable payouts, but said a temporary pullback in capital markets caused fluctuations in the fair value of its holdings. The company said it will monitor market developments, optimize asset allocation and strictly control risk.