Hygon Information Technology (688041) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 4.03 billion, up 68.06% year-over-year, driven by strong AI computing and digital infrastructure demand.

• Net profit attributable to shareholders was RMB 687.09 million, a 35.82% increase year-over-year.

• High R&D investment and rapid product iteration maintained a leading position in high-end chip markets.

Financial highlights

• Operating income: RMB 4.03 billion, up 68.06% year-over-year.

• Net profit attributable to shareholders: RMB 687.09 million, up 35.82% year-over-year.

• Total assets at quarter-end: RMB 35.18 billion.

• Basic and diluted EPS: RMB 0.30, up from RMB 0.22 year-over-year.

• Net cash from operating activities: RMB 67.62 million, down 97.32% year-over-year.

Outlook and guidance

• Continued focus on AI and general computing markets, leveraging high-performance, reliable, and energy-efficient products.

• Sustained high R&D intensity to drive technology upgrades and product competitiveness.