BRIEF: Nsing Tech’s loss narrows on strong revenue growth

IC design company Nsing Technologies Inc. (2701.HK; 300077.SZ) announced on Thursday that its revenue rose 29.9% year-on-year to 394.8 million yuan ($57.8 million) in the first quarter of 2026, while its net loss narrowed by 26.3% to 15.7 million yuan.

Excluding non-recurring items, the company’s net loss for the quarter totaled 21.62 million yuan, narrowing 15% year-on-year. Its net cash outflow from operating activities totaled 16.7 million yuan, down 80% from a year earlier. Its total assets increased to 4.52 billion yuan at the end of the period, up 26.5% from the end of last year, while total equity attributable to owners of the parent surged 89%, indicating a notable strengthening of the company’s capital base.

The improving performance was mainly driven by strong growth in revenue from its integrated circuit and anode materials businesses, which boosted overall revenue and helped to lift its margins. The company also recorded higher gains from changes in fair value of its financial instruments, though those were partially offset by increased credit impairment losses and asset impairment losses, mainly due receivables and inventory write-downs.

Nsing Technologies’stock opened higher on Friday but later turn lower, closing at HK$12.44 by the midday break, down 3.57%. The stock is up about 15% since its Hong Kong listing last month.

By Lee Shih Ta

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