Viewtrix Technology Co., Ltd. (Viewtrix Tech, 03310) released its unaudited results for the six months ended 30 June 2026.

Key financials • Revenue: RMB 318.34 million, down 30.5% year-on-year, reflecting weaker AMOLED driver demand. • Gross profit: RMB 39.62 million, slipping 4.5%, yet gross margin improved to 12.4% (H1 2025: 9.1%) on inventory write-down reversals and a higher contribution from Micro-OLED products. • Net loss attributable to shareholders: RMB 151.27 million, marginally wider than the RMB 150.12 million loss in H1 2025. Loss per share narrowed to RMB 0.39 from RMB 0.40 due to enlarged share base after the May 2026 Hong Kong listing. • Adjusted net loss (excluding RMB 5.70 million listing expenses and RMB 26.14 million share-based payments): RMB 119.43 million (H1 2025: RMB 87.55 million).

Segment performance • AMOLED DDIC revenue declined 39.3% to RMB 230.94 million amid muted smartphone demand and higher memory costs; segment gross margin edged up 0.7 ppt to 5.7%. • Micro-OLED display backplane/driver revenue rose 12.5% to RMB 85.89 million; gross margin improved 0.3 ppt to 29.3%, supported by stronger customer demand. • Other businesses (board cards, customised development, technology licensing) contributed RMB 1.51 million, up 28.4%.

Cost and expenses • Cost of sales fell 33.1% to RMB 278.72 million, broadly in line with lower revenue. • Selling and marketing expenses dropped 17.7% to RMB 12.83 million. • Administrative expenses decreased 25.4% to RMB 42.87 million, helped by lower listing-related costs. • R&D spend held steady at RMB 129.18 million, representing 40.6% of revenue. • Foreign-exchange losses pushed other expenses up to RMB 19.47 million from a negligible level a year earlier. • Finance costs rose to RMB 2.20 million due to higher bank-loan interest.

Balance sheet and cash flow • Cash and cash equivalents expanded to RMB 1.30 billion (31 Dec 2025: RMB 379.74 million), mainly reflecting HK$1.18 billion (about RMB 1.09 billion) net proceeds from the May 2026 global offering and over-allotment option. • Net current assets more than doubled to RMB 1.67 billion. • Interest-bearing bank loans declined to RMB 65.00 million (31 Dec 2025: RMB 140.00 million); gearing ratio improved to 11.1% from 26.0%. • Operating cash inflow reached RMB 91.28 million versus an outflow of RMB 105.77 million a year earlier.

Operational highlights • R&D headcount stood at 193, with 83 patents granted. • New RAM-less AMOLED driver chips completed verification with four panel makers; multiple smartphone projects initiated. • Expanded Micro-OLED product line with 3K and 4K OLED-on-Si drivers supporting up to 120 Hz refresh rate; entered development agreement with a leading domestic XR terminal subsidiary.

Use of IPO proceeds As of 30 June 2026, none of the HK$1.18 billion net proceeds had been utilised. Planned allocations: 47% to AMOLED TDDI R&D and optimisation, 33% to Micro-OLED/Micro-LED driver development, 10% for strategic investments or acquisitions, and 10% for working capital and general corporate purposes.

Dividends No interim dividend declared for H1 2026.

Corporate updates Following the May 2026 listing, all domestic shares were converted into H shares. Subsequent to the period-end, the company amended its Articles of Association and appointed Mr Zhang Jinfan as an independent non-executive director with effect from 20 August 2026, restoring full compliance with Hong Kong Listing Rules regarding board composition.

Outlook Management will prioritise product iteration in AMOLED TDDI and Micro-OLED drivers, pursue cost optimisation amid supply-chain pressures, and evaluate expansion into synergistic human-machine interaction chips, while deploying IPO funds in line with disclosed plans.