SmartSens Technology (Shanghai) Co. Ltd. AStrong earnings forecast and approved private placement offset stake reduction

SmartSens announced that the National Integrated Circuit Industry Investment Fund Phase II has completed its stake reduction plan, selling a total of 2.8161 million shares through centralized bidding at prices ranging from 90.00 yuan to 108.99 yuan per share, with total proceeds of about 281 million yuan. After the reduction, the fund's holdings decreased to 24.1155 million shares, accounting for 5.99% of the total share capital, with the equity change reaching the 1% threshold. The company also disclosed its semi-annual performance forecast for 2026, expecting operating revenue of 4.5 billion yuan to 4.7 billion yuan, a year-on-year increase of 19% to 24%, and net profit attributable to the parent company of 510 million yuan to 530 million yuan, a year-on-year increase of 29% to 34%. The performance growth is mainly due to year-on-year revenue increases in the three core businesses of smart security and AIoT applications, smartphones, and automotive electronics, as well as positive progress in the AI smart vision ecosystem segment. In addition, the company's private placement has been approved by the China Securities Regulatory Commission, with total non-capital expenditures for the raised funds amounting to 2.207 billion yuan, accounting for 68.96% of the total funds raised, and the company is recognized as an asset-light, high R&D investment enterprise.
SmartSens Technology (Shanghai) Co. Ltd. AStrong earnings forecast and approved private placement offset stake reduction