Fibocom Wireless Inc (300638) investor relations material

Executive summary

• H1 2026 revenue rose 1.92% YoY to RMB3.778bn, while net profit attributable to shareholders fell 71.63% to RMB61.8m amid lower gross profit, higher R&D spend and FX losses.

• Domestic growth and higher smart retail solutions revenue partly offset weaker overseas smart home and consumer electronics demand; no numeric FY guidance was stated.

Financial highlights

• Revenue was RMB3.778bn, up 1.92% YoY; operating profit was RMB77.4m versus RMB229.7m, and net profit was RMB72.7m versus RMB218.5m.

• Net profit attributable to shareholders was RMB61.8m, down 71.63% YoY; basic and diluted EPS were each RMB0.07 versus RMB0.29 and RMB0.28, respectively.

• R&D expenses increased to RMB288.8m from RMB239.2m; finance costs moved to RMB24.3m from a RMB3.1m credit, including RMB33.9m of exchange gains in the statement breakdown.

• Gross profit margin was 15.13%, down 1.29 percentage points YoY, reflecting product-mix shifts and higher material procurement costs.

Outlook and guidance

• Strategic priorities remain communications, edge AI and robotics, and intelligent vehicles; plans include continued R&D, broader global reach and development of full-stack AI solutions.

• Planned technology priorities include 5G RedCap, satellite communications and vehicle-road coordination, alongside lower-power and more cost-effective module products.

• Automotive plans focus on 5G, C-V2X and intelligent cockpits, deeper automaker and Tier 1 cooperation, and increasing per-vehicle value and market share.

• Overseas expansion plans include sales and service teams, contract-manufacturing capacity in South America and Asia, and overseas R&D centers.