Robotics & Physical AI▲4
Qide New Materials first-half net profit up 79.2 percent, focusing on high-potential tracks
Qide New Materials released its 2026 interim report on August 25. In the first half, it achieved operating revenue of 197 million yuan, up 10.25 percent year on year. Net profit attributable to the parent company was 15.42 million yuan, a sharp year-on-year increase of 79.20 percent. Net profit attributable to the parent company after deducting non-recurring items was 10.83 million yuan, up 24.79 percent year on year. Net cash flow from operating activities was 49.94 million yuan, up 35.46 percent year on year. The company plans to distribute a cash dividend of 0.80 yuan per 10 shares, tax included, to all shareholders. Overall gross margin reached 28.87 percent, up 11.68 percent year on year, ranking among the industry leaders. Revenue from its main engineering plastics business was 115.57 million yuan, up 24.32 percent year on year. Revenue from high-end specialty engineering plastics PPS was 32.48 million yuan, doubling year on year with growth of 100.66 percent. The company has secured designated projects for carbon fiber products and humanoid robot projects for key models of leading automotive customers, and is focusing on high-potential tracks such as new energy vehicles, high-end smart home appliances, humanoid robots, and low-altitude aircraft. It has obtained tier-one supplier qualifications from leading customers including BYD, Xiaomi, and Leapmotor.