Victory Giant Technology (HuiZhou) (300476) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥11.63 billion, up 28.77% year-over-year, with net profit attributable to shareholders at ¥2.86 billion, up 33.30% year-over-year.

• High-end PCB product mix and AI/data center demand drove growth, with over 50 new customers added, half in AI.

• Major capital market event: successful H-share listing on the Hong Kong Stock Exchange in April 2026.

Financial highlights

• Operating income: ¥11.63 billion, up 28.77% year-over-year.

• Net profit attributable to shareholders: ¥2.86 billion, up 33.30% year-over-year.

• Operating cash flow: ¥2.91 billion, up 144.61% year-over-year.

• Basic and diluted EPS: ¥3.14, up 25.60% year-over-year.

• Gross margin: 33.26% (calculated from disclosed data).

• Total assets: ¥63.03 billion, up 78.83% from year-end 2025.

• Net assets: ¥37.91 billion, up 128.13% from year-end 2025.

Outlook and guidance

• AI, data center, and high-end PCB demand expected to remain strong, with continued focus on high-value product mix and global customer expansion.

• Ongoing investment in overseas manufacturing bases (Vietnam, Thailand, Malaysia) to support international growth.