Nsing Technologies (300077) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 906.08 million, up 43.39% year-over-year, with net profit attributable to shareholders at RMB 4.41 million, reversing a loss from the prior year.

• Integrated circuit and key component sales volume increased 30%, and anode material sales volume rose 39% year-over-year.

• The company completed an H-share IPO in Hong Kong, raising net proceeds of approximately RMB 833 million.

Financial highlights

• Operating income: RMB 906.08 million, up 43.39% year-over-year.

• Net profit attributable to shareholders: RMB 4.41 million, compared to a loss of RMB 36.78 million last year.

• Gross margin for integrated circuits: 32.16%; for anode materials: 9.29%.

• Operating cash flow: -RMB 273.37 million, down from -RMB 52.30 million year-over-year.

• Total assets: RMB 4.69 billion, up 31.34% from year-end 2025.

Outlook and guidance

• The company expects continued strong demand in AI, industrial automation, automotive electronics, and energy storage, with robust growth in high-end MCU and anode materials.

• Strategic focus on AI supply chain MCU leadership, high-end product development, and global talent acquisition.