Suzhou Novosense Microelectronics (02676) released its interim results, with shareholders' profit attributable amounting to 67.591 million yuan, turning a profit compared to a loss in the same period last year.

Suzhou Novosense Microelectronics (02676) released its interim results for the six months ending June 30, 2026, reporting revenue of 2.54 billion yuan (RMB, the same below), a year-on-year increase of 66.7%; profit attributable to shareholders reached 67.591 million yuan, compared to a loss of 78.01 million yuan in the same period last year; basic earnings per share were 0.42 yuan. The announcement stated that the revenue growth was mainly attributed to: (1) demand-side factors, benefiting from a domestic demand rebound and the accelerated export of storage and automotive sectors, as well as an explosive demand for AI computing infrastructure, leading to rapid growth in customer demand from downstream automotive electronics, server power supplies, photovoltaics and energy storage, and industrial automation sectors, with significant increases in the shipment volume of related products; (2) product-side factors, with the company continually focusing on product development around downstream application scenarios, enriching the semiconductor product and solution matrix, continuously increasing the varieties of products available for sale, and steadily expanding sales scale; and (3) market-side factors, with the companys ongoing strategic expansion of its overseas business contributing to a steady increase in revenue from overseas customers. The net profit attributable to shareholders of the listed company, along with the net profit attributable to shareholders after deducting non-recurring gains and losses, turned positive in the second quarter of 2026, mainly benefiting from simultaneous improvements on the revenue and expense fronts: (1) on the revenue side, the growth in customer demand, the enrichment of the product matrix, and the continuous expansion of overseas business drove significant increases in the companys shipment volume and revenue; and (2) on the expense side, the company has continuously deepened lean management and enhanced organizational efficiency, resulting in a reduction in the proportion of total expenses to operating income, thereby promoting an improvement in profitability.