Xiamen Leading Optics Co Ltd

Liding Optoelectronics released its 2026 interim report. Total operating revenue was 574 million yuan, net profit attributable to the parent company was 177 million yuan, and net cash inflow from operating activities was 234 million yuan. The company's latest asset-liability ratio was 20.77 percent, up 1.45 percentage points from the previous quarter and up 5.09 percentage points from the same period last year. The latest gross margin was 49.49 percent, return on equity was 10.89 percent, and diluted earnings per share was 0.43 yuan. Total asset turnover was 0.29 times, and inventory turnover was 1.34 times. The number of shareholders was 15,300, and the top ten shareholders held 358 million shares, accounting for 87.16 percent of total share capital.

EVETAR released its 2026 half-year report, with net profit attributable to the parent company reaching 177 million yuan in the first half, up 37.1% year-on-year. Operating revenue was 574 million yuan, up 54.4% year-on-year; net profit attributable to the parent after deducting non-recurring items was 165 million yuan, up 33.7% year-on-year; net operating cash flow was 234 million yuan, up 49.8% year-on-year; earnings per share were 0.4299 yuan. In the second quarter, operating revenue was 335 million yuan, up 62.1% year-on-year, and net profit attributable to the parent was 106 million yuan, up 47.5% year-on-year. As of the end of the second quarter, total assets were 2.053 billion yuan, up 10.2% from the end of the previous year, and net assets attributable to the parent were 1.623 billion yuan, up 5.7% from the end of the previous year. The company said that during the reporting period, both production and sales volumes of its main optical products increased significantly, strongly driving overall performance growth. At the same time, the company actively followed global AI and intelligent trends, transforming and upgrading from traditional customized imaging components to key components of high-end intelligent optical systems. In the first half of the year, order density for drone optical products in the low-altitude economy sector increased substantially year-on-year, and the gross margin of products in the machine vision sector was also higher than the overall average.

Leading Optics has released its earnings forecast, estimating that net profit attributable to the parent company for the first half of 2026 will be between 172 million and 197 million yuan, representing a year-on-year increase of 33.35% to 52.74%. During the reporting period, the company saw significant growth in both production and sales of its main optical products, with increased orders in application areas such as security surveillance and professional consumer goods. In particular, in the low-altitude economy sector, the company achieved growth in both the number of mass-production customers and order volumes for mid-to-high-end industrial drone optical products, driving an improvement in the company's overall revenue scale and profit quality.