BaTeLab (2149) investor relations material

Executive summary

• H1 2026 revenue rose 15.2% YoY to RMB335.9m; profit for the period increased 38.2% to RMB106.6m, with gross margin expanding to 53.8%.

• Growth reflected product launches, stronger industrial customer engagement, rising signal-chain demand and direct-sales expansion; focus remains on high-end industrial analog ICs.

Financial highlights

• Revenue was RMB335.9m vs RMB291.7m YoY; gross profit RMB180.6m vs RMB151.0m; operating profit RMB110.9m vs RMB82.3m; profit RMB106.6m vs RMB77.1m.

• Basic/diluted EPS was RMB1.693/RMB1.683 vs RMB1.274/RMB1.266 YoY.

• Cost of sales rose 10.3% to RMB155.3m; R&D expense declined 7.1% to RMB52.4m, administrative expense fell 6.6% to RMB14.2m, and finance costs decreased 17.6% to RMB4.2m.

• Adjusted net profit, excluding equity-settled share payments and net FX gains/losses, was RMB119.6m vs RMB83.8m YoY.

Outlook and guidance

• Structural analog-chip demand is expected from computing power and new energy; traditional consumer-electronics recovery remains moderate and competitive pressure is elevated.

• Priorities include expanding industrial-grade products, upgrading existing chips, developing products for emerging applications and capturing computing-power and new-energy opportunities.

• High-end analog-chip capacity is expected to remain tight; plans include supporting the Nantong wafer-fab construction, deepening foundry cooperation and improving process adaptability.