Anji Microelectronics Technology (Shanghai) (688019) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 1.53 billion, up 33.72% year-over-year, driven by robust growth in both core product lines and successful market expansion.

• Net profit attributable to shareholders was RMB 531.76 million, up 41.56% year-over-year; adjusted net profit (excluding non-recurring items) was RMB 425.76 million, up 19.35%.

• Cash flow from operating activities increased 30.68% year-over-year to RMB 320.31 million, reflecting strong sales collection and aligned procurement.

• R&D investment rose 30.51% to RMB 246.22 million, representing 16.13% of revenue.

Financial highlights

• Gross margin remained strong as revenue growth outpaced expense increases; period expenses rose 30.18%, below revenue growth.

• Basic EPS was RMB 2.38, up 38.37% year-over-year; diluted EPS was RMB 2.35, up 37.43%.

• Net assets attributable to shareholders increased 37.15% from year-end 2025, partly due to convertible bond conversions.

• Total assets grew 16.49% to RMB 5.87 billion; equity ratio improved.

• Non-recurring gains (mainly fair value changes and investment income) contributed RMB 105.99 million to net profit.

Outlook and guidance

• The company will continue to deepen its presence in high-end semiconductor materials, focusing on innovation and expanding its product portfolio.

• Ongoing investment in R&D and capacity expansion is expected to support future growth and maintain technological leadership.

• The company aims to further enhance supply chain resilience and customer engagement to capture new market opportunities.