Wuxi Lead Intelligent Equipment (300450) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥8.19 billion, up 23.88% year-over-year, with net profit attributable to shareholders at ¥956 million, up 29.15%.

• Overseas revenue surged 111.39% to ¥2.44 billion, now 29.8% of total revenue.

• Core business segments, especially lithium battery equipment and smart logistics, saw robust growth, with new business lines like 3C and hydrogen equipment accelerating.

• The company completed an H-share IPO in Hong Kong, raising significant capital and expanding its global footprint.

Financial highlights

• Operating cash flow increased 73.57% year-over-year to ¥4.08 billion, reflecting improved collections.

• Gross margin for lithium battery equipment was 32.64%, and for smart logistics 17.68%.

• Total assets at period-end were ¥49.83 billion, up 27.53% from year-end 2025.

• Net assets attributable to shareholders rose 36.90% to ¥17.99 billion.

• Basic and diluted EPS were both ¥0.58, up 20.83% year-over-year.

Outlook and guidance

• Management expects continued high demand in lithium, storage, and hydrogen sectors, with global expansion and new technologies (solid-state, sodium-ion) as growth drivers.

• The company will focus on R&D, cost control, and global service network expansion to maintain competitiveness.