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Mingzhi Technology: Net profit of 3.2132 million yuan in the first quarter of 2026, down 75.66% year-on-year
Mingzhi Technology announces that the operating revenue for the first quarter of 2026 is 120 million yuan, a year-on-year increase of 2.30%. Net profit is 3.2132 million yuan, a year-on-year decrease of 75.66%.
This is mainly due to increased foreign exchange losses on financial expenses caused by exchange rate fluctuations during the reporting period, a decrease in government subsidies compared to the same period, and a reduction in the reversal of credit impairment losses compared to last year.