BOE Technology Group Company (000725) Q2 2026 earnings summary

Executive summary

• Operating revenue for H1 2026 reached RMB103.13 billion, up 1.83% year-over-year, with net profit attributable to shareholders rising 61.62% to RMB5.25 billion.

• Basic and diluted EPS increased 55.56% year-over-year to RMB0.14 per share.

• The company continued to invest in R&D, with expenditures increasing 12.35% year-over-year to RMB6.83 billion.

• Significant share repurchases were executed, maintaining stable shareholder structure and control.

• Strategic focus remained on display devices, IoT innovation, sensors, MLED, and smart engineering medicine, with notable expansion in overseas markets and innovative business segments.

Financial highlights

• Operating revenue: RMB103.13 billion (up 1.83% YoY); net profit attributable to shareholders: RMB5.25 billion (up 61.62% YoY).

• Net profit before exceptional gains and losses was RMB3.01 billion, up 31.81% year-over-year.

• Basic and diluted EPS: RMB0.14 (up 55.56% YoY); weighted average ROE: 3.82% (up 1.37pp YoY).

• Total assets: RMB439.06 billion; equity attributable to shareholders: RMB133.14 billion.

• Net cash from operating activities: RMB22.74 billion; EBITDA/debt ratio: 18.51%; interest cover: 5.24x.

Outlook and guidance

• The company will continue to pursue its “Empower IoT with Display” strategy, focusing on high-quality growth, innovation, and global expansion.

• Ongoing investment in R&D and digital transformation to drive competitiveness and operational efficiency.

• No interim dividend plan for H1 2026; focus remains on capital management and shareholder returns through repurchases.

• Management expects continued challenges from global economic uncertainty, supply chain pressures, and industry competition, but aims to mitigate risks through lean management and supply chain resilience.