Xdc Industries Shenzhen Ltd

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Xintian Technology reports net loss of 45.87 million yuan in 2026 interim report

Xintian Technology released its 2026 interim report, with net profit attributable to the parent company at negative 45.87 million yuan, swinging from profit to loss. Total operating revenue was 312 million yuan, with net profit attributable to the parent company down 57.17 million yuan from the same period last year, a year-on-year decline of 505.73 percent. Net cash flow from operating activities was negative 50.42 million yuan, the asset-liability ratio rose to 50.07 percent, gross margin was 20.96 percent, and diluted earnings per share was negative 0.24 yuan.

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Communication equipment concept strengthens as Nvidia ships next-generation CPO switches

On August 4, the communication equipment sector rose 3.76% intraday. Xintian Technology gained 20.04%, Guangku Technology rose 11.84%, Tianfu Communication advanced 10.03%, Shijia Technology climbed 10.01%, and Tongyu Communication added 9.41%. In news, Nvidia has shipped its next-generation Spectrum-X CPO switches to select partners, while Broadcom continues small-volume shipments of its 51.2T Bailly CPO switch, marking the official entry of co-packaged optics into mass production. According to CCTV Finance, in the first half of this year, China's exports of laser transceiver modules and integrated circuits used in optical communication equipment for AI computing power construction rose 22.3% and 88.7% year-on-year respectively. Exports of domestically produced intelligent bionic robots have surpassed 10,000 units, and exports of domestically made intelligent handling robots and welding robots each grew more than 60%. Data from market research firm LightCounting shows that the global optical module market exceeded 15 billion US dollars in 2024 and is expected to surpass 20 billion US dollars in 2025. AI data center optical modules account for over 60% of the market, 800G optical module shipments rose more than 300% year-on-year, and 1.6T optical modules have begun small-batch deliveries. Chinese optical module manufacturers held approximately 45% of the global market share in 2024. Optical chips, a core upstream component, account for about 30% to 50% of optical module costs. Domestic manufacturers still rely on imports for high-speed optical chips at 25G and above, but the domestic substitution process is expected to accelerate.

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Artificial Intelligence ▲Cloud & Digital Infrastructure ▲Semiconductors ▲

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Xintian Technology Control Change Planned as Liu Yang Takes Over at 90% Premium

Xintian Technology is set for a change of control, as Liu Yang, the actual controller of Dongxin Marketing Technology, plans to take over, with the deal carrying a 90% premium. Shi Weiping, the current actual controller of Xintian Technology, and other shareholders have signed a share transfer agreement with Shenzhen Yuanqi Wuxian Technology Partnership. The latter intends to acquire 43.4224 million shares, representing 22.5% of the listed company's total share capital, at a transfer price of 16.58 yuan per share, for a total consideration of 720 million yuan. Xintian Technology's share price before suspension was 8.69 yuan per share. After the transaction, Shenzhen Yuanqi will become the controlling shareholder, and the actual controller will change to Liu Yang. Shi Weiping's stake will drop to 20.48%, and he has pledged not to seek control. Shenzhen Yuanqi has committed to increasing its stake by no less than 5% within 12 months after the transfer to maintain a gap of more than 7% with Shi Weiping's holding. Liu Yang previously worked at Huawei, and the Dongxin Marketing Technology he controls is engaged in AI marketing and has twice failed in its IPO attempts on the Hong Kong Stock Exchange. Shenzhen Yuanqi is 99.90% owned by a wholly-owned subsidiary of Dongxin Marketing Technology. Shenzhen Yuanqi stated that it has no plans to inject assets within the next 36 months and will not change the main business within 12 months, and will leverage resources in the communications industry to drive the listed company's upgrade toward smart manufacturing.

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Xintian Technology Control May Change Hands; Shares Halted From July 27

Xintian Technology has received notice from its controlling shareholder and actual controller, Shi Weiping, that he is proceeding with plans to transfer his holdings in the company. This matter could lead to a change in the company's controlling shareholder and actual controller. Currently, the relevant transaction parties are conducting assessments and negotiations on core aspects such as the specific transaction plan, transaction price, and agreement terms. Trading in the company's shares will be suspended from the market open on July 27, 2026, with the halt expected to last no more than two trading days.

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央广财经·34dRead more ▾

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Pansoft, XDC Industries, and Beken Energy Announce Control Change Plans on Same Day; Trading Halted from Next Monday

After the market close on July 24, three listed companies—Pansoft, XDC Industries, and Beken Energy—disclosed plans for a change in control on the same day and applied for trading halts. Trading in the shares of all three companies will be suspended from the market open on July 27, 2026, with the halt expected to last no more than two trading days. Pansoft's controlling shareholders and actual controllers, Lin Guoqiang and Wang Hu, are planning matters that may lead to a change in control, and the conversion of its convertible bonds, Pansoft Convertible Bond, will also be suspended. XDC Industries' actual controller, Shi Weiping, is planning matters that may lead to a change in control; the company expects a pre-loss of 36.8 million to 50.8 million yuan for the first half of 2026. Beken Energy's actual controller, Chen Pinggui, is planning to transfer 13.16% of the company's total share capital held by himself and his spouse to a counterparty in the new energy storage sector, a transaction that may lead to a change in control.

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每日经济新闻·34dRead more ▾

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Xintian Technology expects first-half swing to loss, with net profit down over 425%

Xintian Technology announced that it expects a net loss attributable to the parent of 36.8 million to 50.8 million yuan for the first half of 2026, compared with a profit of 11.3053 million yuan in the same period last year, representing a decline of 425.51% to 549.35%. The loss is mainly due to an associate company ceasing operations at the end of April 2026, leading the company to make a full provision for bad debts on its receivables from that associate, with an additional credit impairment loss of about 71.53 million yuan, impacting net profit attributable to the parent by approximately 60.43 million yuan. At the same time, the reversal of an unpaid equity transfer payment of 14.1 million yuan was recognized as a fair value gain, and a long-term equity investment impairment provision of 11.9648 million yuan was made, with the two items together affecting net profit attributable to the parent by about 1.284 million yuan. In addition, foreign exchange losses and increased bank borrowing interest pushed up financial expenses. However, growth in sales orders drove operating revenue up by about 60% year-on-year, partially offsetting the related losses.

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Xintian Technology expects a loss of 36.8 million to 50.8 million yuan in the first half of 2026

Xintian Technology disclosed its earnings forecast, expecting a net loss attributable to the parent company of 36.8 million to 50.8 million yuan in the first half of 2026, compared with a profit of 11.3053 million yuan in the same period last year. The company's operating revenue increased by about 60 percent year on year, but the closure of an associate company led to an additional credit impairment loss of about 71.53 million yuan, affecting the net profit attributable to the parent company by about 60.43 million yuan. In addition, the reversal of unpaid equity transfer payments and the provision for long-term equity investment impairment together affected the net profit attributable to the parent company by about 1.284 million yuan. Increased inventory write-downs, exchange losses, and higher interest expenses also widened the loss. The growth of the company's main business partially offset the above losses, and non-recurring gains and losses had an impact of about 1.22 million yuan on net profit.

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