Suzhou Dongshan Precision Manufacturing Co (002384) Q2 2026 earnings summary

Executive summary

• Operating revenue for H1 2026 reached RMB 27.80 billion, up 63.95% year-over-year, with net profit at RMB 2.96 billion, up 290.09% year-over-year.

• Growth driven by expansion in optical transceivers (including optical chips) and AI PCB products, as well as strategic acquisitions of Source Photonics and GMD Group.

• Maintained a balanced portfolio between conventional businesses (consumer electronics, vehicle components) and emerging AI-driven segments.

Financial highlights

• Net profit attributable to owners: RMB 2.96 billion, up 290.09% year-over-year.

• Net profit after non-recurring items: RMB 2.48 billion, up 277.52% year-over-year.

• Basic and diluted EPS: RMB 1.62, up 260% year-over-year.

• Gross margin for optical transceivers rose to 39.33%, up 3.86 percentage points year-over-year.

• Net cash flows from operating activities: RMB 2.38 billion, down 4.65% year-over-year.

• Total assets at period end: RMB 69.17 billion, up 14.80% from previous year-end.

Outlook and guidance

• AI infrastructure and high-speed interconnection expected to drive long-term growth in PCBs and optical transceivers.

• Continued investment in R&D and production capacity for high-end AI PCBs and optical chips.

• Focus on expanding global customer base and deepening integration of recent acquisitions.