SVG Optronics Co Ltd

SVG Tech Group released its 2026 interim report, with first-half net profit attributable to the parent of 49.76 million yuan, up 62.3% year on year. Operating revenue was 1.03 billion yuan, up 5.4% year on year. Net profit attributable to the parent after deducting non-recurring items was 41.82 million yuan, up 222.5% year on year. Net operating cash flow was 54.35 million yuan, down 19.6% year on year. Second-quarter operating revenue was 514 million yuan, down 2.8% year on year, and net profit attributable to the parent was 19.73 million yuan, up 48.1% year on year. The company entered the semiconductor inspection and measurement equipment industry by acquiring a controlling stake in Vip Semiconductor, and is actively deploying laser direct-write lithography machines in high-end mask manufacturing, advanced packaging and other fields.

SVG Tech Group disclosed its earnings forecast, expecting net profit attributable to the parent for the first half of 2026 to be between 48.5 million yuan and 63.05 million yuan, a year-on-year increase of 58.18% to 105.63%. Deducted non-recurring net profit is expected to be between 41.5 million yuan and 55.55 million yuan, a year-on-year increase of 220.05% to 328.41%. The profit growth is mainly due to the consolidation of Changzhou Weipu Semiconductor Equipment Co., Ltd., whose order volume continues to grow, with orders from leading domestic and international customers beginning to be accepted, driving rapid revenue growth and turning losses into profits. At the same time, profitability in the consumer electronics and automotive sectors has strengthened, but revenue from 3D optical printing materials has declined, and the loss of the reflective materials subsidiary Changzhou Huarisheng Reflective Materials Co., Ltd. has significantly widened year-on-year. In addition, affected by changes in government subsidies and non-operating income, non-recurring gains and losses have decreased significantly year-on-year, making the increase in deducted non-recurring net profit attributable to the parent even more pronounced.