Suzhou Novosense Microelectronics (02676) issued a profit warning, expecting a net profit attributable to the parent company of approximately 67 million yuan in the first half of 2026, turning a loss into a profit year-on-year.

Suzhou Novosense Microelectronics (02676) has announced that, according to preliminary calculations by the financial department, the company expects to achieve operating revenue of approximately RMB 2.54 billion in the first half of 2026, an increase of about RMB 1.016 billion compared to the same period last year, representing a year-on-year growth of approximately 66.70%. The company expects to achieve a net profit attributable to the owners of the parent company of approximately RMB 67 million in the first half of 2026, an increase of about RMB 145 million compared to the same period last year, turning from a loss to a profit. The company expects to realize a net loss attributable to the owners of the parent company, after deducting non-recurring gains and losses, of approximately RMB 48 million in the first half of 2026, which will be a reduction of about RMB 57.64 million compared to the same period last year. The main reasons for the changes in performance during this period are: (I) Operating Revenue According to preliminary calculations by the financial department, in the first half of 2026, the company expects to achieve operating revenue of approximately RMB 2.54 billion, a year-on-year increase of about 66.70%. This is mainly attributed to: (1) Demand side: benefiting from the recovery of domestic demand, accelerating exports of optical storage/automobiles, and the explosive demand for AI computing infrastructure, the customer demand in downstream sectors such as automotive electronics, server power supplies, photovoltaics and energy storage, and industrial automation has grown rapidly, leading to a significant increase in the company's relevant product shipments; (2) Product side: the company continues to enrich product research and development around downstream application scenarios, continuously expanding the matrix of semiconductor products and solutions, with an increasing number of product models available for sale and steady expansion of sales scale; and (3) Market side: the company's overseas business strategic expansion is continuously being promoted, with steady growth in revenue contributions from overseas clients. (II) Net Profit and Net Profit After Deducting Non-recurring Gains and Losses The company expects to achieve a net profit attributable to the shareholders of the listed company of approximately RMB 67 million in the first half of 2026, while the net loss attributable to the shareholders of the listed company, after deducting non-recurring gains and losses, is expected to be approximately RMB 48 million. The non-recurring gains are mainly due to the fair value changes arising from the company's indirect participation in equity investments through private equity funds, amounting to approximately RMB 94 million; from a quarterly perspective, in the second quarter of 2026, the net profit attributable to the shareholders of the listed company and the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses are expected to both turn into profits, estimated at around RMB 103 million and RMB 6.7696 million, respectively. This is mainly due to the simultaneous improvement in both revenue and expenses: (1) On the revenue side, the growth in customer demand, the enrichment of the product matrix, and the continuous expansion of overseas business have driven a significant increase in the companys shipments and revenue; and (2) On the expense side, the company has continued to deepen lean management and improve organizational efficiency, resulting in a decrease in the overall expense ratio relative to operating revenue, which has promoted the improvement of profitability.