Shengyi Technology (600183) Q2 2026 earnings summary

Executive summary

• Achieved revenue of RMB 19.03 billion in H1 2026, up 50.05% year-over-year, with net profit attributable to shareholders of RMB 3.29 billion, up 130.42%.

• High-end product mix and AI server demand drove significant growth; gross margin improved across main segments.

• Maintained global #2 position in rigid copper-clad laminate sales, with 13.2% global market share in 2025.

• Continued strong R&D investment, with 21 new patents authorized in H1 2026.

Financial highlights

• Operating income: RMB 19.03 billion, up 50.05% year-over-year.

• Net profit attributable to shareholders: RMB 3.29 billion, up 130.42% year-over-year.

• Basic and diluted EPS: RMB 1.36, up 130.51% year-over-year.

• Gross margin: 29.24%, up 4.76 percentage points year-over-year.

• Operating cash flow: RMB 2.98 billion, up 53.44% year-over-year.

Outlook and guidance

• Industry demand for AI servers and high-end PCB expected to remain strong in H2 2026.

• Company will focus on high-end product development, supply chain resilience, and AI-driven operational efficiency.

• Continued investment in R&D and capacity expansion to support growth.