Yangzhou Yangjie Electronic Technology (300373) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥4.52 billion, up 30.69% year-over-year, with net profit attributable to shareholders at ¥770.82 million, up 28.18%.

• Growth driven by strong demand in AI data centers, new energy vehicles, and SiC products, with automotive electronics and SiC business revenues nearly doubling year-over-year.

• The company maintained its leading position in the domestic power semiconductor market, expanding its presence in high-end segments and accelerating import substitution.

Financial highlights

• Operating income: ¥4.52 billion, up 30.69% year-over-year.

• Net profit attributable to shareholders: ¥770.82 million, up 28.18% year-over-year.

• Gross margin: 35.07% for semiconductor devices, 32.31% for chips, and 29.31% for silicon wafers.

• Basic and diluted EPS: ¥1.42, up from ¥1.12 year-over-year.

• Operating cash flow: ¥498.97 million, down 34.13% year-over-year due to increased payments for raw materials and reduced USD settlements.

• Total assets at period end: ¥17.43 billion, up 4.46% from year-end 2025.

Outlook and guidance

• The company expects continued strong demand in AI, automotive, and energy storage sectors, with ongoing expansion in high-end power semiconductor products.

• Strategic focus remains on R&D investment, capacity expansion, and accelerating domestic substitution in key markets.