Howell Group released its 2026 half-year report, showing net profit attributable to the parent of 1.22 billion yuan for the first half, down 39.9% year on year. Operating revenue was 14.025 billion yuan, up 0.5% year on year. Net profit attributable to the parent after deducting non-recurring items was 1.242 billion yuan, down 36.3% year on year. Net operating cash flow was 408 million yuan, down 78.4% year on year. Second-quarter operating revenue was 7.61 billion yuan, up 1.7% year on year, while net profit attributable to the parent was 717 million yuan, down 38.3% year on year. The company said the higher revenue share of its semiconductor distribution business reduced overall gross margin by 1.70 percentage points from a year earlier, while research and development expenses and financial expenses increased, and income tax expense rose by about 144 million yuan year on year due to global minimum tax rules.
Will Semiconductor Co LtdNet profit attributable to parent fell 39.9% YoY, with lower gross margin and higher expenses.