Grid Dynamics Holdings Inc

Artificial Intelligence▼2

Teamsun Technology Posts First-Half Loss of 245 Million Yuan, Swinging to a Deficit Year on Year

Teamsun Technology disclosed its semi-annual report on August 26. In the first half of 2026, the company achieved operating revenue of 2.501 billion yuan, up 10.57 percent year on year, but net profit attributable to shareholders of the listed company was negative 245 million yuan, compared with a profit of 140 million yuan in the same period last year, swinging from profit to loss. During the reporting period, revenue growth was mainly driven by the company's expansion in domestic and overseas computing power construction, computing power services, and AI agent industry applications. In addition, the share price of GDYN, in which subsidiary ASL has invested, fell sharply due to an industry valuation correction. Based on the principle of accounting prudence, the company made an impairment provision of 531 million yuan for the related long-term equity investment.

600410.CG ▼GDYN ▼

Artificial Intelligence

证券时报·1dRead more ▾

GDYN▲

IT Services and Consulting Stocks Decline 18% on Average After Mixed Q1 Results

IT services and consulting stocks tracked by the publication fell an average of 18% since their latest earnings reports, even as first-quarter revenues broadly met analyst expectations. IBM led the group with revenue of 15.92 billion dollars, up 9.5 percent year on year and beating estimates by 1.3 percent, but its stock still dropped 15.7 percent. Gartner posted revenue of 1.51 billion dollars, down 1.5 percent, while Everforth reported flat revenue of 968.3 million dollars and issued weak guidance that sent its shares down 53.7 percent. Grid Dynamics grew revenue 3.7 percent to 104.1 million dollars and raised its full-year outlook, and EPAM Systems recorded 1.4 billion dollars in revenue, up 7.6 percent, though its stock fell 17.8 percent. Next-quarter revenue guidance for the group came in 2.3 percent below consensus, contributing to the broad share-price declines.

EFOR ▼EPAM ▼GDYN ▲IBM ▼IT ▼

Yahoo Finance·37dRead more ▾

GDYN▼

Huasheng Tiancheng Expects First-Half Loss of 220 Million to 330 Million Yuan

Huasheng Tiancheng issued an announcement, expecting a net loss attributable to the parent company of 220 million to 330 million yuan for the first half of 2026, compared with a profit of 140 million yuan in the same period last year. The company expects first-half operating revenue of about 2.5 billion yuan, up from 2.26 billion yuan a year earlier. The loss is mainly due to a decline in the share price of subsidiary Grid Dynamics Holdings, leading the company to make an impairment provision of about 530 million yuan on the related long-term equity investment, as well as net losses from changes in the fair value of financial assets caused by stock price fluctuations of secondary market holdings such as Telink Semiconductor. Additionally, share-based payment expenses accrued under the equity incentive plan also had a phased impact on net profit.

GDYN ▼688591.CG ▼

财中社·44dRead more ▾