Viewtrix Technology (3310) investor relations material

Executive summary

• Revenue for H1 2026 was RMB318.3 million, down 30.5% year-over-year, mainly due to a sharp decline in AMOLED DDIC sales amid weak smartphone demand and rising memory prices.

• Gross profit margin improved to 12.4% from 9.1% year-over-year, aided by a reversal of inventory write-downs and higher Micro-OLED product contribution.

• Net loss widened slightly to RMB151.3 million, with basic and diluted loss per share at RMB0.39, compared to RMB0.40 in H1 2025.

• The company completed its H-share listing in May 2026, raising HK$1,179.07 million, with all proceeds unutilized as of June 30, 2026.

Financial highlights

• Revenue: RMB318.3 million (down 30.5% YoY); AMOLED DDICs contributed 72.5%, Micro-OLED 27.0%.

• Gross profit: RMB39.6 million (down 4.5% YoY); gross margin rose to 12.4%.

• Net loss: RMB151.3 million (up 0.8% YoY); adjusted net loss (non-IFRS): RMB119.4 million.

• Cash and cash equivalents: RMB1,301.8 million, up from RMB379.7 million at year-end 2025.

• No interim dividend declared for H1 2026.

Outlook and guidance

• Management expects continued volatility in smartphone demand and upstream component procurement due to memory price trends and macroeconomic factors.

• Focus remains on AMOLED and Micro-OLED R&D, product optimization, and expansion into touch and fingerprint chips.

• Plans for strategic investments, M&A, and industry collaborations to enhance competitiveness.

• Proceeds from the IPO will support R&D, strategic investments, and working capital through 2030.