Shanghai Friendess Electronics Tech

Friendess Electronic Technology has released its 2026 interim report, with net profit attributable to the parent company reaching 787 million yuan, up 22.97% from the same period last year. Total operating revenue came to 1.278 billion yuan, up 15.84% year on year, marking a fourth consecutive year of growth. Net cash inflow from operating activities was 507 million yuan, down 8.84% from a year earlier. The company's latest gross margin stood at 73.93%, down 4.90 percentage points year on year, while return on equity was 12.42%, up 1.21 percentage points from the same period last year.

Bochu Electronic released its 2026 half-year report, with net profit attributable to the parent company up 23% year on year to 787 million yuan. The company's first-half operating revenue was 1.28 billion yuan, up 15.8% year on year; non-GAAP net profit attributable to the parent was 714 million yuan, up 20.2% year on year; and net operating cash flow was 507 million yuan, down 8.8% year on year. Second-quarter operating revenue was 730 million yuan, up 20.2% year on year, and net profit attributable to the parent was 471 million yuan, up 22.4% year on year. As of the end of the second quarter, the company's total assets were 6.747 billion yuan, up 2.2% from the end of the previous year, and net assets attributable to the parent were 6.34 billion yuan, up 4.4% from the end of the previous year. The company said it continues to focus on the research, development and sales of laser cutting control systems, and has made progress in the intelligent welding field and in the research and development of ultra-high-precision drive and control systems.