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NSFOCUS (300369) investor relations material
NSFOCUS Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 reached ¥812.58 million, up 1.51% year-over-year, with a net loss attributable to shareholders of ¥129.02 million, narrowing the loss by 24.77% compared to H1 2025.
Operating cash flow improved significantly to ¥193.41 million, up 136.05% year-over-year.
The company focused on AI security, data security, and intelligent attack-defense, achieving notable breakthroughs and industry recognition.
AI security orders reached ¥117 million, with large-scale deployments across six major industries.
Financial highlights
Gross margin remained robust, with security products at 65.75% and security services at 58.12%.
Sales and management expenses decreased by 13% and 19.45% respectively, while R&D investment remained high at ¥259.53 million.
Cash and cash equivalents at period-end were ¥464.07 million, up from ¥285.63 million at the start of the year.
Non-recurring gains totaled ¥40.17 million, mainly from asset disposals and government subsidies.
Outlook and guidance
The company expects continued growth in AI security and data security, leveraging its strong R&D and industry partnerships.
Market demand is expected to rise due to regulatory tightening and digital transformation across industries.
- Net loss narrowed and EPS improved, but operating cash flow fell sharply in Q1 2026.300369
Q1 2026 - Revenue up 7.78%, net loss narrowed 87.60%, focus on AI/data security, no dividend.300369
H2 2025 - Net loss narrowed 39.85% year-over-year as revenue grew and cost controls improved.300369
Q3 2025 - Net loss narrowed 32.65% on stable revenue, with strong cash flow and AI security progress.300369
H1 2025 - Net loss narrowed and cash flow improved despite revenue decline and higher financial costs.300369
Q3 2024 - Revenue up 40%, net loss narrowed, positive cash flow, no dividend for 2024.300369
H2 2024 - Net loss narrowed 32% on modest revenue growth and strong cash flow improvement.300369
Q1 2025
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