Shanghai Conant Optical
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Shanghai Conant Optical (2276) investor relations material

Shanghai Conant Optical H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary30 Mar, 2026

Executive summary

  • Revenue rose 6.1% year-over-year to RMB2,186.0 million, with net profit up 30.2% to RMB557.7 million, driven by higher sales volume and product mix optimization.

  • Gross profit margin improved to 42.0% from 38.6%, reflecting product mix upgrades and increased own brand sales.

  • The XR (Extended Reality) business advanced, with new production lines and mass production for key projects, positioning for future growth.

  • Final dividend proposed at RMB0.20 per share, total annual dividend RMB0.35 per share, up from RMB0.28 in 2024.

Financial highlights

  • Revenue: RMB2,186.0 million (+6.1% YoY); Net profit: RMB557.7 million (+30.2% YoY); Basic EPS: RMB1.20 (+16.5% YoY).

  • Gross profit: RMB917.5 million (+15.4% YoY); Gross margin: 42.0% (2024: 38.6%).

  • Cost of sales increased marginally by 0.2% to RMB1,268.5 million.

  • Other income and gains fell 23.7% to RMB44.1 million, mainly due to lower government grants and FX effects.

  • Finance costs decreased 39.7% to RMB6.1 million due to lower interest expenses.

Outlook and guidance

  • Plans to expand production capacity, especially in Japan and Thailand, and further automate processes in 2026.

  • Continued investment in R&D, with focus on XR and smart glasses, expecting notable revenue and profit contributions from XR in 2026.

  • Strategic collaborations with leading smart glasses developers and further product portfolio upgrades.

Expected 2026 revenue contribution from XR
Thailand base role in mitigating US tariffs
Strategic rationale for Jiangsu Blue Optics deal
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H1 20265 Aug, 2026
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