Refile: China's Launch Tech interim profit falls 10% as costs rise

Launch Tech

10/08/2026 10:30

Changes to "costs", from "revenue", in headline

Overview
China automotive diagnostic equipment maker's interim revenue rose 9% yr/yr
Net profit attributable to shareholders fell 10% for the half-year period
Company declared interim dividend of RMB0.29 per share

Outlook
Company aims to deepen AI and big data applications in core businesses
Launch Tech targets transition to a global-leading automotive big data and AI enterprise

Result Drivers
HIGHER OPERATING COSTS - Operating costs increased to RMB569 mln from RMB504 mln, contributing to lower net profit
INCREASED SELLING EXPENSES - Selling expenses rose to RMB157 mln from RMB134 mln, weighing on profitability

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 1.07 bln
 
H1 Net Income Attributable
 
RMB 174.70 mln
 

Analyst Coverage
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)