Nexchip Semiconductor (688249) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB 5.96 billion, up 14.59% year-over-year, driven by increased product sales volume and ongoing expansion of business scale.

• Net profit attributable to shareholders was RMB 245 million, down 26.12% year-over-year, mainly due to intensified market competition, product price fluctuations, increased depreciation, and higher costs from equity incentives.

• Operating cash flow rose 64.10% year-over-year to RMB 2.80 billion, reflecting stronger cash collection from sales.

• Gross margin for H1 2026 was 21.69%.

Financial highlights

• Operating income: RMB 5.96 billion (+14.59% YoY).

• Net profit attributable to shareholders: RMB 245 million (-26.12% YoY).

• Net profit excluding non-recurring items: RMB 131 million (-35.91% YoY).

• Operating cash flow: RMB 2.80 billion (+64.10% YoY).

• Total assets: RMB 58.78 billion (+10.29% from end-2025).

• Net assets: RMB 23.29 billion (+6.99% from end-2025).

• Basic and diluted EPS: RMB 0.13 (-23.53% YoY).

• R&D investment: RMB 759 million, 12.75% of revenue.

Outlook and guidance

• The company continues to expand capacity, diversify product applications, and develop advanced process platforms.

• Ongoing focus on R&D and product structure optimization to improve profitability.

• Market competition and price volatility expected to persist; company aims to leverage mature process advantages and deepen industry chain collaboration.