OPT Machine Vision Tech (688686) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue rose 33.51% YoY to RMB 357.44m; attributable net income increased 10.40% to RMB 63.88m.

• Growth reflected improved downstream-industry demand, scaled AI inspection adoption in high-end manufacturing and a positive contribution from the Dongguan Tailai acquisition.

Financial highlights

• Profit before tax was RMB 65.71m, up 9.41% YoY; net income excluding the share-based payment impact was RMB 68.37m, up 18.16%.

• Adjusted net income attributable to shareholders, excluding non-recurring gains, was RMB 56.84m, up 4.32% YoY.

• Operating cash flow was RMB 4.05m, up 74.25% YoY, with the increase attributed mainly to higher collections.

Segment performance

• 3C revenue was RMB 152.84m, up 4.19% YoY; lithium battery revenue was RMB 122.94m, up 29.29%.

• Semiconductor revenue reached RMB 31.72m, up 170.69% YoY; automotive revenue was RMB 23.70m, up 330.11%.

• Industrial AI system-solution revenue was RMB 79.37m, up 298.59% YoY.