RISECOMM GP (01679) has announced its interim results for the six months ended June 30, 2026, revealing a challenging period marked by a significant decline in revenue and an expanded net loss attributable to shareholders.

The group recorded revenue of RMB 25.635 million for the reporting period, representing a sharp decrease of 56.26% compared to the same period last year. The net loss attributable to owners of the company stood at RMB 13.362 million, reflecting an increase of 9.97% from the prior corresponding period. The company reported a loss per share of 6.19 cents.

Where the decline stems from

According to the company's announcement, the substantial reduction in revenue was primarily driven by decreases across three key business segments. The automatic meter reading and other businesses segment contributed a reduction of approximately RMB 15.3 million in revenue, while the smart manufacturing and industrial automation segment saw a decline of approximately RMB 15 million. Additionally, the wind farm operations and maintenance business segment recorded a fall in revenue of around RMB 2.7 million.