Economic Observation Network Fangzheng Electric (002196) released its 2026 semi annual report, with a revenue growth of 35.77% in the first half of the year and a significant increase of 438.74% in net profit attributable to the parent company, achieving a turnaround from losses to profits.

Performance and business situation:
On August 20th, the interim report was released: revenue for the first half of the year was 1.717 billion yuan, a year-on-year increase of 35.77%; The net profit attributable to the parent company was 24.3765 million yuan, a year-on-year increase of 438.74%, turning losses into profits (last year's losses). The gross profit margin was 12.44%, and the operating cash flow turned positive to 38.54 million yuan, but the asset liability ratio was too high at 71.89%.

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