MeiG Smart Technology (03268) announced its interim results, with a net profit attributable to shareholders of approximately 106 million yuan, representing a year-on-year increase of 25.85%.

MeiG Smart Technology (03268) announced its mid-year results for 2026, with operating revenue of approximately 2.025 billion yuan, a year-on-year increase of 7.32%; net profit attributable to shareholders of the listed company was approximately 106 million yuan, an increase of 25.85%; basic earnings per share were 0.38 yuan. From a regional perspective, in the first half of 2026, driven by the demand for smart modules, edge computing products, and 5G wireless broadband products, as well as increased shipments to overseas major customers, the company's overseas revenue reached 997 million yuan, achieving a substantial year-on-year growth of 87.30%. The proportion of overseas revenue rose from 28.22% in the same period last year to 49.26%, marking the first time since the company's establishment that overseas revenue approached the milestone of 50%. In terms of the domestic market, the demand for various smart modules and high-performance modules aimed at edge computing applications continued to grow, resulting in a noticeable revenue boost. However, in the field of smart connected vehicles, the product procurement volume from a single major domestic customer saw a significant decline compared to the same period last year, thus showing a downward trend in domestic revenue during the reporting period. During the reporting period, the company systematically and reasonably continued to pass on price adjustments to downstream customers across various industries, fully leveraging its inventory advantages in memory chips to hedge against fluctuations in supply chain costs. At the same time, it strengthened its capabilities in AI engine platforms and toolchains, empowering customer products in various industries through AI soft power to facilitate intelligent applications, generating incremental value through AI capabilities, and continuously driving a stabilization and recovery of gross margins for client ventures. In the reporting period, the gross margin for the company's main business reached 17.45%, an increase of 3.99 percentage points compared to the same period last year. Specifically, the gross margin for the first quarter of 2026 was 16.05%, while the second quarter's gross margin was 18.63%, indicating a quarter-on-quarter upward trend in gross margins.