Gpixel Changchun Microelectronics (3277) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB641.1 million, up 78.4% year-over-year, driven by strong growth in industrial imaging and robust global expansion.

• Gross profit increased 97.2% to RMB440.5 million, with gross margin rising to 68.7% from 62.2% year-over-year.

• Adjusted net profit rose 127.2% to RMB284.9 million, and profit attributable to owners was RMB250.2 million, up 197.2% year-over-year.

• IPO in April 2026 raised HK$2,883.4 million in net proceeds, supporting R&D, expansion, and global operations, with 55% allocated to R&D and 21% to a new CIS R&D center.

• No interim dividend was recommended for the period.

Financial highlights

• Revenue: RMB641.1 million (H1 2026), up from RMB359.5 million (H1 2025).

• Gross profit: RMB440.5 million, gross margin 68.7% (up 6.5ppts year-over-year).

• Adjusted net profit: RMB284.9 million, adjusted net profit margin 44.4%.

• Earnings per share: RMB0.63 (basic and diluted), up from RMB0.23.

• Cash, cash equivalents, and time deposits totaled RMB3,802.0 million as of June 30, 2026.

Outlook and guidance

• Continued growth expected in global industrial imaging CIS market, driven by AI, semiconductor, and new energy sectors.

• Focus on R&D, product innovation, and expansion into medical imaging and professional photography.

• Strategic use of IPO proceeds to enhance R&D, packaging, and global marketing, with plans to strengthen global marketing and customer acquisition.