Macro Micro Technology swings to profit in 2026 interim report, but non-recurring net profit still in the red and reliant on government subsidies

Earnings
โดย 蓝鲸财经·CN·Read original
Summary · why it matters

Macro Micro Technology released its 2026 interim report on August 28. Supported by its core power semiconductor business, benefiting from downstream demand growth in new energy vehicles, energy storage, and AI computing power, as well as a substantial increase in government subsidies, the company swung to a profit during the reporting period and achieved significant growth, though its non-recurring net profit remained in a loss position. During the reporting period, the company achieved operating revenue of 738 million yuan, up 8.49 percent year on year; net profit attributable to the parent company was 3.99 million yuan, up 33.84 percent year on year; and non-recurring net profit was negative 35.35 million yuan, a sharp year-on-year decline. Net cash flow from operating activities was 210 million yuan, turning positive from negative year on year, mainly due to the receipt of large government subsidies. The company's core products continued to ramp up steadily, with 1050-volt and 1200-volt IGBT and FRD chips adapted for photovoltaic and energy storage applications already in mass production, shipments of automotive-grade silicon carbide modules increasing, and 650-volt gallium nitride chips passing certification with AI data center power supply customers and gradually scaling up. Government subsidies recognized in current profit and loss during the period reached as high as 35.35 million yuan, a key factor in offsetting the core business loss and achieving book profit, while fair value gains from trading financial assets of approximately 11.48 million yuan also provided some support to profit. The company has laid out high-end products such as silicon carbide and gallium nitride and completed certification with some customers, and is expected to benefit from technological iteration, but it needs to guard against risks such as intensifying industry competition, raw material cost fluctuations, and uncertainty over the sustainability of government subsidies.

Impact on stocks 1

Others▲ · 1 stocks
Macmic Science & Technology Co Ltd
688711
▲ PositiveDemandCapitalrelevance

Core power semiconductor business benefits from downstream demand growth in new energy vehicles, energy storage, and AI computing power.

Theme Impact 4

Related news

▲3impact 4

Nvidia, Google and Emerald AI Launch AI Energy Management Alliance

Nvidia, Google and Emerald AI have launched the AI Energy Management Alliance, or AEMA, a coalition that dynamically manages the electricity use of data centers in response to grid conditions. Emerald AI founder and CEO Varun Sivaram said the alliance's founding members are joined by a cohort of 20 launch partners, including the AI lab Anthropic, the semiconductor firm Analog Devices, and the energy companies AES, NRG, Constellation, RWE and National Grid. Sivaram said Emerald AI, which was founded under two years ago, is building with Nvidia and Digital Realty the world's first from-the-ground-up power-flexible AI data center, a 100 megawatt facility in Manassas, Virginia, that comes online later this year. He said Google, one of the founding members, has already done a gigawatt of demand response for its data centers, while Emerald and Nvidia have completed six demonstrations around the world, in London, Phoenix and Virginia. Sivaram said the alliance is talking to the FERC commissioners, state regulators and the administration about a grand bargain in which flexible AI data centers act as good citizens to grids and communities in return for faster and larger connections to the power grid.
NVDA ▲GOOG ▲ADI ▲AES ▲CEG ▲NRG ▲+2
Energy Transition & Power Demand ▲Artificial Intelligence ▲Smart City / Autonomous Infrastructure
Yahoo Finance·11hRead more →
impact 4

CleanSpark Signs $6.6 Billion AI Data Center Lease in Georgia

CleanSpark has signed a 20-year, $6.6 billion triple-net lease for its Sandersville, Georgia, site, a deal the company expects to generate $330 million in annual revenue. Chairman and CEO Matt Schultz said the site includes a fully energized 250-megawatt substation, that CleanSpark secured an additional 122 acres with community support, and that the tenant received short-term exclusivity for up to 885 additional megawatts in Texas, with the first data hall targeted for delivery in December 2027. The announcement came during an H.C. Wainwright panel where mining and AI infrastructure executives described a broad pivot from bitcoin operations toward AI colocation, cloud services and GPU-as-a-service. Core Scientific's Russell Cann said direct-liquid-cooled construction costs have climbed from roughly $4.5 million per megawatt for early projects to about $10 million to $10.5 million per megawatt for facilities turned on this year and $12 million to $13 million per megawatt for projects expected to start operating in 2027. Cann also said Core Scientific recently announced a roughly 500-megawatt agreement with AMD, with AMD holding rights to the next 2,000 megawatts across sites in Hunt County and Pecos, Texas, and Muskogee, Oklahoma, under a 15-year triple-net lease at $125 per megawatt or a modified gross structure at $145 per megawatt. Executives pushed back on AI bubble concerns, with Cann noting roughly 5 gigawatts of rack space is delivered annually against approximately 15 gigawatts of annual chip demand, while cautioning that many power requests may be duplicative or unsupported by actual transmission, substations or fuel supply.
CLSK ▲CORZ ▲AMD ▲
Artificial Intelligence ▲Cloud & Digital Infrastructure ▲Energy Transition & Power Demand ▲
MarketBeat·15hRead more →
▼3impact 4

Fluence Energy Cuts Fiscal 2026 Revenue Guidance to $2.4 Billion on Houston Manufacturing Delays

Fluence Energy has lowered its fiscal 2026 financial guidance, citing persistent supply-chain challenges affecting U.S. production. The company now expects fiscal 2026 revenues of approximately $2.4 billion, down from the previous guidance midpoint of about $3 billion, and below the Zacks Consensus Estimate of $2.95 billion. Fluence Energy also projects an adjusted EBITDA loss of nearly $200 million, substantially wider than its earlier forecast midpoint of a loss of around $10 million. The company said demand remains strong in both domestic and international markets and its international supply chain continues to operate effectively, but delays in ramping up production at its contract manufacturing facility in Houston have constrained its ability to convert demand into completed deliveries and revenues. Fluence Energy is restructuring its operational organization and improving coordination across supply-chain planning, manufacturing and product delivery, while its contract manufacturing partner has implemented corrective measures that have already contributed to higher daily production levels. The company aims to achieve neutral to positive operating cash flow in fiscal 2027 and is expected to report a detailed fiscal 2027 business plan and updated financial outlook when it releases fiscal 2026 results later this year.
FLNC ▼
Energy Transition & Power Demand ▼
Zacks Investment Research·15hRead more →
© 2026 MarketDXNews