KINGSEMI (688037) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB 896.82 million, up 26.47% year-over-year, driven by steady order fulfillment and product acceptance.

• Net profit attributable to shareholders was RMB 8.06 million, down 49.37% year-over-year, mainly due to increased personnel costs and reduced government subsidies.

• Operating cash flow was negative RMB 450.75 million, reflecting higher procurement payments and increased staff compensation.

• R&D investment rose 16.22% year-over-year to RMB 153.49 million, supporting new product development and technical upgrades.

Financial highlights

• Gross margin for H1 2026 was 34.93%, slightly down from the prior year.

• Basic and diluted EPS were RMB 0.04, a 50% decrease year-over-year.

• Net assets attributable to shareholders stood at RMB 2.81 billion, up 0.79% from year-end 2025.

• Total assets were RMB 6.37 billion, down 1.08% from year-end 2025.

• Non-recurring profit items contributed RMB 53.20 million, mainly from government grants and asset disposals.

Outlook and guidance

• Management expects continued growth in semiconductor equipment demand, supported by favorable national policies and industry expansion.

• The company aims to accelerate market share gains in chemical cleaning and advanced packaging equipment.

• R&D and talent investment will remain a strategic focus to drive innovation and competitiveness.