Guangdong HEC Technology Holding (600673) Q2 2026 earnings summary

Executive summary

• Revenue rose 31.61% year-over-year to ¥9.38 billion, driven by strong performance in core product lines and new AI business growth.

• Net profit attributable to shareholders fell 36.46% year-over-year to ¥389 million, mainly due to increased share-based payment expenses and fair value changes.

• Adjusted for share-based payment and fair value changes, net profit grew 40.20% year-over-year to ¥746 million.

• AI business achieved rapid expansion, securing multiple long-term contracts and contributing to revenue.

Financial highlights

• Operating income: ¥9.38 billion, up 31.61% year-over-year.

• Net profit attributable to shareholders: ¥389 million, down 36.46% year-over-year.

• Adjusted net profit: ¥746 million, up 40.20% year-over-year.

• Basic EPS: ¥0.129, down 38.28% year-over-year.

• Operating cash flow: ¥2.51 billion, up 843.66% year-over-year, mainly from AI service prepayments.

• Total assets: ¥41.07 billion, up 36.95% from year-end.

Outlook and guidance

• Continued focus on expanding AI business and integrating data center operations.

• Ongoing investment in capacity expansion for core chemical and materials businesses.

• Management expects sustained demand in AI, new energy, and high-end manufacturing sectors.