Tech Sector Earnings Review
Asian Tech Firms Report Mixed Half-Year Results for the Period Ending June 2026
Key Points
In the first half of 2026, TK Group's revenue rose to HKD 1,156.43 million but net income fell to HKD 21.91 million from HKD 86.77 million a year earlier; basic and diluted earnings per share from continuing operations dropped to HKD 0.026 from HKD 0.105.
Veken Technology's half-year revenue advanced to CNY 837.76 million, while net loss narrowed to CNY 37.28 million from CNY 39.15 million; basic and diluted loss per share from continuing operations stands at CNY 0.0705, slightly better than a year ago (0.074 and 0.0719 respectively).
Shenzhen KTC Technology's H1 2026 sales rose to CNY 7,084.71 million from 6,934.58 million, a roughly 2.2% year-over-year increase, but net income declined to CNY 314.73 million from 384.20 million; basic/diluted earnings per share fell to CNY 0.45 from 0.55.
QITIAN Technology Group's H1 sales dropped to CNY 201.75 million from 226.61 million, with net loss of 21.42 million versus a prior-year profit of 8.88 million; basic and diluted loss per share from continuing operations increased to CNY 0.03 from 0.01.
Asian tech firms posted sharply mixed results for the first half of 2026, with some companies posting revenue gains while struggling with profitability. TK Group's revenue rose to HKD 1,156.43 million but net income plummeted 75% to just HKD 21.91 million Market Screener, while larger rivals like Shenzhen KTC Technology grew sales 2.2% but saw profits decline.
The trend reveals a sector-wide squeeze: five of six major firms either posted net losses or saw earnings per share fall sharply in the period ended June 30 Market Screener. Only Guangdong Hongtu Technology showed strong growth, with sales jumping 28% to CNY 4,186.18 million from CNY 3,270.27 million a year earlier.
TK Group's Profit Collapse Despite Revenue Gains
TK Group Holdings posted a troubling mid-year report with revenue reaching HKD 1,156.43 million but net income crashing to HKD 21.91 million Market Screener. That marks a 75% drop from HKD 86.77 million a year ago. Earnings per share fell to HKD 0.026 from HKD 0.105, showing how the firm's expanded sales failed to boost the bottom line.
Veken and Friendcom Narrowing Losses But Still Underwater
Veken Technology reported revenue of CNY 837.76 million and managed to narrow its net loss to CNY 37.28 million from CNY 39.15 million a year earlier Market Screener. The loss per share improved slightly to CNY 0.0705 versus 0.074 previously. Shenzhen Friendcom Technology, however, fell deeper: sales dropped to CNY 352.1 million and the firm posted a net loss of CNY 16.37 million Market Screener.
QITIAN Swings From Profit to Heavy Loss
QITIAN Technology Group's performance deteriorated sharply. Sales fell 11% to CNY 201.75 million from CNY 226.61 million Market Screener. More painful: the firm swung from an CNY 8.88 million profit a year ago to a CNY 21.42 million net loss this period. Loss per share jumped to CNY 0.03 from a CNY 0.01 earnings per share.
KTC and Hongtu Show Resilience Amid Margin Pressure
Shenzhen KTC Technology bucked the gloom with sales rising 2.2% to CNY 7,084.71 million from CNY 6,934.58 million Market Screener. But the firm faced profit headwinds: net income fell to CNY 314.73 million from CNY 384.20 million. Earnings per share dropped to CNY 0.45 from CNY 0.55. Guangdong Hongtu Technology showed stronger momentum with sales up 28% to CNY 4,186.18 million Market Screener, suggesting it gained market share during a challenging period.
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