CCSC Technology International Holdings(US:CCTG) Prnewswire·2025-12-23 21:20Core Viewpoint - CCSC Technology International Holdings Limited reported a decrease in revenue and an increase in net loss for the first six months of fiscal year 2026, highlighting challenges in sales volume and operational efficiency despite maintaining a stable gross profit margin [1][6][18]. Financial Performance - Total revenue for the six months ended September 30, 2025, was US$8.47 million, down 8.2% from US$9.22 million in the same period last year [5][6]. - Gross profit decreased by 9.9% to US$2.48 million, with a gross profit margin of 29.2%, slightly down from 29.8% year-over-year [6][14]. - Net loss increased by 30.5% to US$0.97 million, compared to a net loss of US$0.74 million in the prior year [6][18]. Revenue Breakdown - Revenue from cables and wire harnesses decreased by 9.0% to US$7.83 million, while revenue from connectors increased by 3.5% to US$0.64 million [5][7]. - Revenue by region showed a decline in Europe (down 11.6% to US$4.97 million) and the Americas (down 30.3% to US$0.60 million), while revenue from Asia increased by 5.9% to US$2.90 million [8][9][10]. Cost Management - Cost of revenue decreased by 7.4% to US$5.99 million, attributed to lower inventory and labor costs [11][13]. - Inventory costs were US$4.14 million, down from US$4.44 million, reflecting a 14.1% decrease in total sales volume [12]. Operational Efficiency - Operating expenses decreased by 3.3% to US$3.44 million, driven by reduced selling and administrative expenses [15]. - Other expenses decreased by 9.9% to US$0.12 million, primarily due to the absence of a non-recurring government subsidy [16]. Future Outlook - The company plans to commence construction of a new supply chain management center in Serbia in January 2026, expected to enhance logistics and manufacturing capabilities in Europe [3]. - The focus remains on product innovation, operational execution, and disciplined investment to deliver customized interconnect solutions [4].