Linewell Software Co Ltd

Linewell Software released its 2026 interim report on August 26. In the first half, the company's operating revenue was 215 million yuan, down 31.6% year on year. Net profit attributable to the parent swung from a loss of 72.05 million yuan in the same period last year to a loss of 170 million yuan. Net profit attributable to the parent after deducting non-recurring items widened from a loss of 73.85 million yuan to a loss of 171 million yuan. Net operating cash flow was negative 146 million yuan, down 955.5% year on year. Earnings per share were negative 0.2932 yuan. In the second quarter, operating revenue was 97.83 million yuan, down 31.7% year on year, and net profit attributable to the parent widened from a loss of 37.35 million yuan to a loss of 120 million yuan. As of the end of the second quarter, the company's total assets were 4.669 billion yuan, down 4.2% from the end of the previous year, and net assets attributable to the parent were 1.73 billion yuan, down 9.0% from the end of the previous year. In the interim report, the company said its business operations underwent significant changes as it focused on advancing its artificial intelligence strategic transformation. It is rebuilding its traditional core businesses through full-chain capabilities spanning computing power, large models, and intelligent agents, and has launched multiple AI products, including an AI platform and an intelligent agent operating system for government and enterprise customers.

Linewell Software has been placed under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations. The company received a case filing notice from the CSRC on July 10. Linewell Software stated that all business operations are continuing as normal, and it will fully cooperate with the investigation while fulfilling its information disclosure obligations. In the first quarter of this year, the company reported revenue of 117 million yuan, a year-on-year decline of 31.49 percent, and a net loss attributable to the parent company of 49.816 million yuan, with the loss widening further compared to the same period last year. As of the close of trading on July 10, Linewell Software shares stood at 7.95 yuan each, up 2.98 percent, giving the company a total market value of 4.614 billion yuan.

On the evening of July 10, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Lifecome Biochemistry clarified that it has no brain-computer interface related businesses or products. Tuojing Technology plans to acquire 82.97% of Wuxi Shangji, 100% of Shanghai Taina Micro, and 100% of Wuxi Kuanxing through a combination of share issuance and cash payment, along with a配套 fundraising, and its shares will resume trading on July 13. Linewell Software has been placed under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws. Wu Yizhong, the actual controller, chairman, and general manager of Tianyuan Intelligent, has been released from detention. The controlling shareholder of Dynamic Power is set to change to Hongmian Sci-Tech Innovation, with shares resuming trading on the 13th. Rike Chemical plans to acquire 70.75% of Genyuan New Materials, adding new energy battery electrolyte material business, and its shares will resume trading on the 13th. CGN Nuclear Technology plans to raise between 850 million and 1.25 billion yuan through a private placement to its controlling shareholder. Shaanxi Blower Power plans to acquire the remaining 36.06% stake in Qinfeng Gas, with shares resuming trading on the 13th. FiberHome Telecommunication plans to raise no more than 2.913 billion yuan through a private placement and intends to acquire 60% of Fujikura FiberHome for 500 million yuan. China Merchants Energy Shipping plans to spend no more than 1.51 billion yuan to build one bulk carrier and four container ships. The wholly-owned subsidiary of LUSTER LightTech plans to sell no more than 334,800 shares of Zhipu. In terms of performance, CITIC Securities expects its first-half net profit to increase by 69.59% year-on-year, Shannon Semiconductor expects an increase of 2,117.54% to 2,434.34%, and China Vanke expects a loss of 12 billion to 15 billion yuan. A controlling subsidiary of Dongyangguang has signed a computing power service contract worth 13 billion to 15 billion yuan. Monalisa has received a commitment letter for a special repurchase loan of no more than 90 million yuan from a financial institution.