IT Home: Stone Technology Reports 986 Million Euro Net Profit for H1 2026
Stone Technology reported a net profit attributable to the parent company of 986 million euros for the first half of 2026, a 45.6% year-on-year increase. Total revenue grew 27.6% to 10.08 billion euros.
Chinese technology firm IT Home, also known as Stone Technology, announced significant profit growth for the first half of 2026 in its latest interim report. The company's net profit attributable to the parent company reached 986 million euros, marking a 45.6% increase compared to the same period last year. Total revenue also saw a substantial rise of 27.6%, reaching 10.08 billion euros.
The report, covering January to June 2026, indicates a strengthening of other key financial metrics. Net profit excluding non-recurring items grew by 60.74% to 803 million euros. Furthermore, the company's operating cash flow turned positive, standing at 398 million euros, a reversal from a negative flow in the previous year.
This robust profit growth suggests Stone Technology has successfully enhanced its profitability alongside revenue expansion. Earnings per share increased by 45.63%, indicating growing value for shareholders. The company's financial stability is further reflected in its balance sheet, with total assets increasing by 12.61% since the end of the previous year.
The company's shareholder structure remained stable, with the largest shareholder, Chang Jing, holding a 20.97% stake. No dividend distribution or other major corporate actions are planned for the reporting period. The interim financial statements have not yet been audited.