NARI Technology stock gained 1.40 percent on September 30, 2026
Published on 10/07/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
NARI Technology stock (ISIN CNE000001G38) closed at CNY 22.52 on the Shanghai Stock Exchange on September 30, 2026, gaining 1.40 percent during the session. The latest company figures show revenue growth outpacing profit growth, leaving overseas expansion and margins as the key issues for the shares.
Revenue growth outpaces profit
According to Futu in its September 24, 2026 report, NARI Technology generated CNY 27.767 billion in operating revenue in the first half of 2026, up 14.54 percent year over year. Net profit attributable to shareholders rose 4.08 percent to CNY 3.073 billion, creating a 10.46 percentage-point gap between revenue and profit growth.
The second quarter supplied most of the earnings momentum. Revenue reached CNY 18.203 billion, up 18.6 percent year over year, while net profit attributable to shareholders increased 3.5 percent to CNY 2.35 billion, according to Futu.
Overseas sales lift the mix
The report identified low-carbon energy and international operations as important growth drivers. Low-carbon energy revenue rose 46.98 percent to CNY 9.614 billion in the first half, while overseas core-business revenue increased 196.61 percent to CNY 5.894 billion.
Contract momentum also strengthened. NARI Technology secured new contracts worth CNY 45.633 billion in the first half of 2026, an increase of 28.79 percent from the prior-year period, while the overseas gross margin stood at 12.68 percent, down 7.15 percentage points year over year, according to Futu. That combination gives investors a clear tradeoff: faster international growth is expanding the order base, but lower overseas margins are limiting profit conversion.
Analysts see further upside
The analyst consensus remains Buy, based on 15 analysts, with 13 Buy ratings, 2 Hold ratings and 1 Sell rating. According to Investing.com, the average 12-month price target is CNY 28.15, with a high of CNY 36.20 and a low of CNY 19.30.
Against the CNY 22.52 closing price on September 30, 2026, the average target lies 25.0 percent above the price. The range of analyst targets is wide, which places greater weight on margin development and the profitability of overseas projects.
NARI Technology stock closed at CNY 22.52
NARI Technology stock closed at CNY 22.52 on September 30, 2026, with a 52-week range of CNY 21.26 to CNY 32.06 and a market capitalization of CNY 180.9 billion. The session volume was 43,555,465 shares.
NARI Technology stock at a glance
- Company: NARI Technology Co., Ltd.
- ISIN: CNE000001G38
- Ticker: 600406
- Trading venue: Shanghai Stock Exchange
- Price (as of September 30, 2026, 3:00 p.m. CST): CNY 22.52, Closing price (September 30, 2026)
- Market capitalization: CNY 180.9 billion (as of September 30, 2026)
- 52-week range: CNY 21.26-32.06 (as of September 30, 2026)
- Sector / Industry: Industrials / Electrical Equipment and Parts
