Chaozhou Three-Circle (300408) investor relations material

Executive summary

• Revenue for H1 2026 reached ¥6.42 billion, up 54.82% year-over-year, driven by strong demand in electronic components and optical communication sectors.

• Net profit attributable to shareholders was ¥1.93 billion, up 56.18% year-over-year; adjusted net profit (excluding non-recurring items) was ¥1.81 billion, up 69.66%.

• MLCC and optical communication products saw significant sales and price recovery, benefiting from industry upturn and customer recognition.

• The company successfully listed H-shares on the Hong Kong Stock Exchange in July 2026, raising funds for overseas expansion and R&D.

Financial highlights

• Operating profit for H1 2026 was ¥2.23 billion, up 56.05% year-over-year.

• Basic and diluted EPS were both ¥1.01, up 55.38% year-over-year.

• Gross margin for electronic and communication components/materials was 44.23%, up 2.52 percentage points year-over-year.

• Operating cash flow was ¥1.30 billion, up 15.04% year-over-year.

• Total assets at period-end were ¥28.44 billion, up 7.29% from year-end 2025.

Outlook and guidance

• The company aims to leverage its A+H dual listing to accelerate global market expansion, technology R&D, and capacity layout.

• Ongoing investments in high-capacity MLCC expansion and R&D base construction, with project timelines adjusted for external environment and efficiency.