Yutong Optical

Yutong Optics released its 2026 half-year report. Attributable net profit for the first half was 122 million yuan, up 13.7% year-on-year. Operating revenue was 1.782 billion yuan, up 25.9% year-on-year. Non-GAAP attributable net profit was 106 million yuan, up 3.3% year-on-year. Net operating cash flow was 143 million yuan, down 32.4% year-on-year. Earnings per share were 0.23 yuan. In the second quarter, operating revenue was 963 million yuan, up 20.3% year-on-year. Attributable net profit was 65.5 million yuan, up 11.6% year-on-year. Non-GAAP attributable net profit was 52.37 million yuan, down 9.7% year-on-year. As of the end of the second quarter, total assets were 6.317 billion yuan, up 0.1% from the end of the previous year. Attributable net assets were 2.773 billion yuan, up 4.7% from the end of the previous year. The company said business changes mainly involve the design, research and development, production and sales of optical lens products, with applications including security monitoring, smart home and automotive lenses. It has also made progress in new consumer areas, with teleconverter products entering the market of leading mobile phone brands, and glass aspherical lenses used in action cameras, drones and AI glasses.

Yutong Optical's application for a private share placement has received registration approval from the China Securities Regulatory Commission, with the review status changed to registration effective. The company plans to issue up to 95.0234 million shares, aiming to raise 890 million yuan. The sponsor is Zheshang Securities.

Yutong Optical announced that the company has repurchased 1.84 million shares, accounting for 0.35% of total share capital, with a total repurchase amount of 30.09 million yuan, at a repurchase price range of 16.13 yuan to 16.52 yuan per share. In the first quarter of 2026, the company achieved revenue of 819 million yuan and net profit attributable to the parent of 56.73 million yuan.