Unisplendour (000938) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥63.52 billion, up 33.93% year-over-year, with net profit attributable to shareholders at ¥2.17 billion, a 108.18% increase year-over-year.

• ICT infrastructure and services accounted for 80.18% of revenue, growing 41.30% year-over-year.

• Gross margin was 13.41%, down 1.83 percentage points year-over-year.

• Major acquisition: increased stake in H3C to 87.98% after acquiring an additional 6.98% for $498.8 million.

Financial highlights

• Operating income: ¥2.87 billion, up from ¥1.39 billion year-over-year.

• Net cash flow from operating activities: -¥4.21 billion, a further decrease from -¥2.82 billion year-over-year, mainly due to increased procurement payments.

• Total assets at period end: ¥109.13 billion, up 13.29% from year-end 2025.

• Net assets attributable to shareholders: ¥17.87 billion, up 21.18% from year-end 2025.

• Basic and diluted EPS: ¥0.7577, up 108.18% year-over-year.

• R&D investment: ¥2.47 billion, up 0.88% year-over-year.

Outlook and guidance

• The company will continue to focus on AI infrastructure, optimize business layout, and enhance supply chain resilience.

• No interim dividend, bonus shares, or capital increase from reserves planned for H1 2026.

• Ongoing implementation of the “Quality and Return Enhancement” action plan to drive sustainable growth.