Yutong Optical300790
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H1 net profit up 13.7% and revenue up 25.9% beat expectations.
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Yutong OpticalYutong Optics H1 attributable net profit 122 million yuan, up 13.7% year-on-year
Earnings
Yutong Optics released its 2026 half-year report. Attributable net profit for the first half was 122 million yuan, up 13.7% year-on-year. Operating revenue was 1.782 billion yuan, up 25.9% year-on-year. Non-GAAP attributable net profit was 106 million yuan, up 3.3% year-on-year. Net operating cash flow was 143 million yuan, down 32.4% year-on-year. Earnings per share were 0.23 yuan. In the second quarter, operating revenue was 963 million yuan, up 20.3% year-on-year. Attributable net profit was 65.5 million yuan, up 11.6% year-on-year. Non-GAAP attributable net profit was 52.37 million yuan, down 9.7% year-on-year. As of the end of the second quarter, total assets were 6.317 billion yuan, up 0.1% from the end of the previous year. Attributable net assets were 2.773 billion yuan, up 4.7% from the end of the previous year. The company said business changes mainly involve the design, research and development, production and sales of optical lens products, with applications including security monitoring, smart home and automotive lenses. It has also made progress in new consumer areas, with teleconverter products entering the market of leading mobile phone brands, and glass aspherical lenses used in action cameras, drones and AI glasses.
Yutong OpticalH1 net profit up 13.7% and revenue up 25.9% beat expectations.