Jiangsu Zhongtian Technology (600522) Q2 2026 earnings summary

Executive summary

• Achieved revenue of ¥30.94 billion in H1 2026, up 31.10% year-over-year; net profit attributable to shareholders rose 52.29% to ¥2.39 billion.

• Operating cash flow turned positive to ¥148 million from a negative ¥1.86 billion in H1 2025.

• International revenue reached ¥5.67 billion, up 40.63% year-over-year, reflecting strong global expansion.

• Focused on AI, optical transmission, energy interconnection, and high-end manufacturing, with significant R&D and product innovation.

Financial highlights

• Operating income: ¥30.94 billion (+31.10% YoY); net profit: ¥2.39 billion (+52.29% YoY).

• Gross margin improved, with cost control and product mix optimization.

• Basic EPS: ¥0.704 (+52.38% YoY); weighted average ROE: 6.24% (+1.87pp YoY).

• Net assets attributable to shareholders: ¥38.45 billion (+2.46% from year-end 2025).

• Adjusted net profit (excluding non-recurring items): ¥2.21 billion (+50.72% YoY).

Outlook and guidance

• Orders on hand in energy network segment at ¥33 billion as of July 2026, with marine series at ¥11.3 billion.

• Continued focus on AI, digital infrastructure, and energy transition; expects robust demand in optical fiber, cables, and energy solutions.

• Strategic investments in new energy, storage, and hydrogen, with international expansion and local manufacturing bases.