Shiyuan Shares released its 2026 half-year report. First-half net profit attributable to the parent was 1.521 billion yuan, up 282.4% year on year. Operating revenue was 14.389 billion yuan, up 36.2% year on year. Net profit attributable to the parent after deducting non-recurring items was 982 million yuan, up 246.3% year on year. Net operating cash flow was negative 1.089 billion yuan, down 5,473.1% year on year. Earnings per share were 2.21 yuan. In the second quarter, operating revenue was 8.19 billion yuan, up 47.2% year on year, and net profit attributable to the parent was 1.27 billion yuan, up 440.4% year on year. As of the end of the second quarter, total assets were 30.89 billion yuan, up 18.2% from the end of the previous year, and net assets attributable to the parent were 14.348 billion yuan, up 7.6% from the end of the previous year. The company said there was no major change in its overall operating business, but revenue from intelligent control components and intelligent terminal and application areas grew significantly. Revenue from LCD main control boards and home appliance controllers rose 49.15% and 29.07% year on year respectively, while automotive electronics revenue grew 371.48%. In the education brand business, Seewo interactive smart panels increased their domestic education market shipment share to 45.5%, and education brand revenue rose 2.87% year on year. Enterprise service brand revenue was 1.714 billion yuan, up 38.43% year on year. Overall gross margin improved by 3.19 percentage points year on year.
Guangzhou Shiyuan Electronic Technology Co LtdFirst-half net profit up 282.4% and revenue up 36.2%, with strong growth in key segments.
