Circuit Fabology Microelectronics Equipment Co. Ltd. A

Xinqi Microinstallation released its 2026 half-year report, with first-half net profit attributable to the parent rising 98.1% year-on-year to 281 million yuan. Operating revenue was 1.11 billion yuan, up 69.0% year-on-year; non-GAAP net profit attributable to the parent was 277 million yuan, up 104.0% year-on-year; net operating cash flow was 292 million yuan, up 377.0% year-on-year; earnings per share were 1.9208 yuan. In the second quarter, operating revenue was 591 million yuan, up 43.4% year-on-year; net profit attributable to the parent was 173 million yuan, up 91.9% year-on-year. As of the end of the second quarter, total assets were 6.492 billion yuan, up 108.3% from the end of the previous year; net assets attributable to the parent were 5.251 billion yuan, up 127.5% from the end of the previous year. The company said high-end LDI equipment achieved increases in both volume and price in the AI computing power industry chain, with significant order growth. The first and second phase production bases operated in coordination, improving delivery capacity, and the commissioning of the second phase base alleviated capacity bottlenecks.

The disclosure of second-quarter reports for actively managed equity funds has concluded, and the repositioning path shows a significant increase in holdings in the electronics sector, with machinery equipment positions also rising. Fang Ji, an analyst at Donghai Securities, said that capital expenditure by the world's nine major cloud service providers is expected to exceed 886.7 billion US dollars in 2026, a year-on-year surge of 90 percent, and the annual growth rate of global AI server shipments has been revised upward to nearly 31 percent, suggesting the electronics industry's high prosperity is likely to continue. On machinery equipment, analyst Shang Jian suggested focusing on two main themes: PCB equipment and humanoid robots. The global market for PCB-specific equipment is expected to grow to 11.388 billion US dollars by 2029, and the global humanoid robot market is expected to exceed 100 billion yuan by 2028. The direction of institutional position increases reflects their forward-looking judgment on prosperity in the second half of the year, but analysts caution investors against blindly chasing rallies, and suggest paying attention to sub-sectors with improving prosperity and reasonable valuations on dips.