SOLOMON SYSTECH (02878) announced its interim results, reporting a loss attributable to shareholders of $3.953 million, turning from profit to loss compared to the same period last year.

SOLOMON SYSTECH (02878) announced its interim results for the six months ending June 30, 2026, reporting sales of USD 43.723 million, a year-on-year decrease of 4.81%. During the period, the loss attributable to the company's shareholders was USD 3.953 million, compared to a profit of USD 4.003 million in the same period last year; earnings per share were 0.16 cents. The announcement stated that due to continuous price reductions of end products and intensified market competition, the average selling price of products fell, coupled with a slight decrease in shipment volume, resulting in a sales revenue decrease of approximately 4.8% to USD 43 million compared to the same period last year. In addition, affected by rising wafer costs and higher gold prices, the group's gross profit margin declined to 27.4% during the period.