Tianshui Huatian Technology Co. (002185) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥10.51 billion, up 35.09% year-over-year, with net profit attributable to shareholders at ¥813 million, a 259.15% increase year-over-year.

• Q2 revenue hit a record ¥5.71 billion, up ¥912 million sequentially; Q2 net profit was ¥727 million, up ¥640 million from Q1.

• The company expanded automotive electronics and memory packaging, advanced 2.5D/3D packaging, and secured 30 new patents.

• Acquisition of Huayi Microelectronics was approved by the Shenzhen Stock Exchange, pending CSRC registration.

Financial highlights

• Operating income: ¥10.51 billion, up 35.09% year-over-year.

• Net profit attributable to shareholders: ¥813 million, up 259.15% year-over-year.

• Basic EPS: ¥0.2483, up 251.70% year-over-year.

• Gross margin for integrated circuits: 14.35%, up 3.46 percentage points year-over-year.

• Operating cash flow: ¥1.01 billion, down 36.07% year-over-year.

• Total assets: ¥46.99 billion, up 8.97% from year-end 2025.

Outlook and guidance

• The company expects continued strong demand in AI, memory, and advanced packaging, with traditional consumer chips remaining weak.

• Industry forecasts for 2026 global semiconductor sales were raised to $1.655 trillion, up 108% year-over-year.

• The company is preparing for further capacity expansion to capture incremental orders.