Lingyi iTech (002600) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 rose 9.99% year-over-year to ¥12.64 billion, driven by increased AI hardware R&D and market share gains.

• Net profit attributable to shareholders fell 30.70% year-over-year to ¥391.64 million, impacted by currency fluctuations and rising raw material costs.

• The company completed a major acquisition, making Dongguan Liminda Electronics a majority-owned subsidiary.

Financial highlights

• Operating cash flow was ¥792.50 million, down 2.63% year-over-year.

• Basic and diluted EPS were both ¥0.05, down 37.5% year-over-year.

• Gross margin and operating profit were pressured by higher R&D, sales, and financial expenses.

• Total assets at quarter-end were ¥56.23 billion, down 2.88% from year-end 2025.

• Shareholders’ equity increased 1.47% to ¥24.39 billion.

Outlook and guidance

• Continued focus on AI hardware innovation and market expansion.

• Plans for further capital allocation to subsidiaries and joint investment funds.