Langxin Technology (300682.SZ) released the third quarterly report: the core business continues to grow rapidly, and the impact of phased losses is coming to an end

Zhitong Finance App News, on October 29, 2026, Langxin Technology Group Co., Ltd. (300682.SZ) released its report for the third quarter of 2026. The company achieved operating income of 2,461 billion yuan, an increase of 0.61% over the previous year; realized net profit attributable to shareholders of listed companies - 268 million yuan. The company's losses in the first three quarters were mainly due to the ongoing risk of wide price fluctuations in regional electricity markets such as Guangdong and Guangxi, and the electricity trading business caused phased operating losses. However, since electricity transactions are mainly annual contracts, the next year's electricity price will be re-signed. The impact is limited to 2026 and is not sustainable; at the same time, the seasonal characteristics of the energy digital intelligence business are obvious, and the net profit is mainly reflected in the fourth quarter. The company's performance in the fourth quarter is expected to improve significantly. Entering 2027, the impact on the electricity trading business will be eliminated, and the company's performance is expected to be released quickly.

Langxin Technology is an AI-driven energy technology company dedicated to linking tens of millions of power load users and millions of power supply assets to make energy services and operations more efficient, more inclusive, and greener with leading AI technology. The report shows that in the first three quarters of 2026, the total electricity trading volume of the company's electricity trading business reached nearly 15 billion kilowatts, an increase of more than 65% over the previous year. In the field of new energy heavy truck refueling, the company further expanded cooperation with ecological partners such as Dongfeng Commercial Vehicle, Qiyuan Power, and China Storage Smart Transport to jointly empower the upgrading of the new energy heavy truck industry. The company's energy digital intelligence business has maintained steady development. It has signed a strategic cooperation agreement with Huawei to combine their respective accumulations in the digital technology and energy industries to carry out joint innovations in the fields of artificial intelligence, virtual power plants, smart charging, smart microgrids, and telecommunication collaboration, and further cooperate to expand overseas markets.

Relying on the two-way resonance of industry policy promotion and industrial development dividends, on the one hand, the steady rise in the penetration rate of new energy vehicles drives the continuous expansion of electric vehicle charging demand. With the advantages of covering multiple stations, multiple brands, and multi-channel interconnection, the converged charging model effectively solves industry pain points such as scattered charging resources, difficulties for users to find piles, and siloization of operators, and continuously expands service coverage and user stickiness; on the other hand, power market-based reforms continue to release incremental space, market-based electricity purchases, and virtual power plants., adjustable load resources New business formats such as aggregation have been implemented rapidly, creating favorable conditions for the power trading business to expand the customer base, enrich trading categories, and extend comprehensive energy services.

The two major business segments collaborate and empower each other. Based on charging load resources, they gather massive adjustable load assets to reverse support market-based business development such as power trading, load aggregation, and demand-side response, forming a closed loop of “load aggregation - charging service - power trading - energy optimization”. Currently, there is plenty of business growth potential, bringing an important strategic development window to the company's two core businesses of new electric power convergence charging and electricity trading.