Lingyi iTech (002600) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥25.15 billion, up 6.45% year-over-year; net profit attributable to shareholders was ¥763.63 million, down 17.88% year-over-year due to increased R&D and FX losses.

• Gross profit margin improved by 1.65 percentage points year-over-year, driven by product structure optimization and technology innovation.

• Cash flow from operations was ¥1.71 billion, up 2.20% year-over-year.

• Company completed H-share listing in Hong Kong, raising HK$8.26 billion, enhancing global capital access.

Financial highlights

• Operating income: ¥25.15 billion (+6.45% YoY); net profit: ¥763.63 million (-17.88% YoY).

• Gross profit: ¥4.21 billion (+18.07% YoY); gross margin: 16.67% (+1.65 ppt YoY).

• Basic EPS: ¥0.11 (-15.38% YoY); diluted EPS: ¥0.10 (-23.08% YoY).

• Total assets: ¥65.41 billion (+12.97% from year-end 2025); equity attributable to shareholders: ¥31.52 billion (+31.11%).

• Cash and equivalents: ¥11.44 billion; net cash inflow from financing: ¥7.86 billion, mainly from H-share issuance.

Outlook and guidance

• Management expects continued growth in AI hardware, automotive, and low-altitude economy segments.

• Focus remains on R&D, product innovation, and global expansion to capture AI and smart manufacturing opportunities.

• Company aims to further improve profitability through cost control, supply chain optimization, and technology upgrades.