HUAQIN released its 2026 interim report for the six months ended 30 June 2026.
Revenue rose 11.7% year-on-year to RMB 93.72 billion, driven by gains across mobile terminals, AIoT and innovative businesses. Net profit attributable to shareholders surged 59.0% to RMB 3.03 billion, while basic earnings per share increased 55.0% to RMB 2.09.
Gross profit reached RMB 7.43 billion, a 19.7% rise, lifting gross margin to 7.9% (up 0.5 percentage points). Operating cash inflow amounted to RMB 642.61 million compared with an outflow of RMB 1.52 billion a year earlier.
Segment performance • Computing & data-center products remained the largest contributor, generating RMB 43.32 billion (+2.8%). • Mobile terminals delivered RMB 41.12 billion (+16.6%). • AIoT revenue almost doubled to RMB 6.04 billion (+84.5%). • Innovative business—which includes automotive electronics, robotics and software—rose 134.9% to RMB 2.54 billion.
Geographical mix shifted, with overseas sales climbing 56.4% to RMB 61.61 billion (65.7% of total), while China revenue declined 27.9% to RMB 32.11 billion.
Financial position Total assets expanded 42.0% since year-end to RMB 136.67 billion, supported by higher inventories and receivables linked to business growth. The gearing ratio increased to 76.1% (end-2025: 72.6%). Cash and cash equivalents stood at RMB 16.88 billion; outstanding borrowings totalled RMB 26.68 billion.
Capital markets activity The company raised HKD 5.14 billion (net) from its April 2026 Hong Kong listing, with 40% earmarked for product-centric R&D and 35% for manufacturing expansion. As of 30 June 2026, 93% of the proceeds remained unspent.
Dividend and share capital HUAQIN paid a 2025 final dividend of RMB 1.30 billion and issued 433.14 million bonus shares via capitalisation of reserves, lifting total shares outstanding to 1.52 billion.
Outlook highlights Management will continue to advance its “3 + N + 3” product platform strategy, prioritise R&D in AI, robotics and automotive electronics, and strengthen global manufacturing and supply-chain resilience.