Suzhou Novosense Microelectronics (02676) announced its interim results, with a net profit attributable to the parent company of approximately 67.5918 million yuan, marking a turnaround from a loss to profit compared to the same period last year.

Suzhou Novosense Microelectronics (02676) announced its mid-term results for 2026, with operating revenue of approximately 2.54 billion yuan, a year-on-year increase of 66.73%; net profit attributable to shareholders of the listed company was 67.5918 million yuan, turning a profit compared to the previous year; basic earnings per share was 0.42 yuan. The announcement stated that the revenue growth was primarily due to: (1) Demand-side factors, benefiting from the recovery of domestic demand, accelerated exports of light storage/automobiles, and an explosion in AI computing infrastructure demand, resulting in rapid growth in client demand in downstream sectors such as automotive electronics, server power supplies, photovoltaics and energy storage, and industrial automation, significantly increasing the shipment volume of the company's related products; (2) Product-side factors, as the company continuously focuses on product R&D around downstream application scenarios, enriching its matrix of semiconductor products and solutions, and steadily increasing the number of product models available for sale, leading to a gradual expansion of sales scale; (3) Market-side factors, as the companys strategic expansion of its overseas business continues to progress, steadily increasing revenue contribution from overseas clients. Net profit turned positive in the second quarter of 2026, mainly benefiting from simultaneous improvements in the income and expense sides: (1) On the income side, growth in client demand, enrichment of the product matrix, and continuous expansion of overseas business driven significant increases in the company's shipment volume and revenue; (2) On the expense side, the company deepened lean management and organizational efficiency, resulting in a decrease in the overall expense ratio relative to operating revenue, which has improved profitability.