Mingteng International six-month net loss widens to $7.4 million
MTEN•Mingteng International’s net loss widened to $7.4 million for the six months ended June 30, 2026. Revenue rose to $5.51 million, and the company completed a $15.19 million acquisition of HK Phoenix Gateway Alliance on October 6.
1. Six-month results
Mingteng International’s net loss widened to $7.4 million for the six months ended June 30, 2026, while revenue rose to $5.51 million. Research and development expenses climbed to $4.89 million, and net cash used in operating activities increased to $9.4 million. The company completed its acquisition of HK Phoenix Gateway Alliance on October 6, 2026, for $15.19 million, settled with prepayments.
