HK Stock Market Move | MeiG Smart Technology (03268) rose more than 5%. The company's overseas revenue has for the first time approached 50%, continuously strengthening the construction of its AI engine platform and toolchain capabilities.

MeiG Smart Technology (03268) surged over 5% in early trading, and as of the time of writing, it was up 5.27%, trading at HK$20.18, with a transaction volume of HK$8.3859 million. In the news, MeiG Smart Technology recently announced its mid-year results for 2026, reporting revenue of approximately 2.025 billion yuan, a year-on-year increase of 7.32%; net profit attributable to shareholders was around 106 million yuan, up 25.85%; and basic earnings per share stood at 0.38 yuan. From a regional perspective, in the first half of 2026, driven by demand for smart modules, edge computing products, and 5G wireless broadband products, as well as an increase in shipping volumes to major overseas clients, the company achieved overseas revenue of 997 million yuan, a significant year-on-year growth of 87.30%. The proportion of overseas revenue increased from 28.22% in the same period last year to 49.26%, marking the first time in the company's history that overseas income has approached the 50% threshold. During the reporting period, the company systematically and reasonably transmitted price adjustments to downstream customers in various industries, fully leveraging the advantages of its storage chip inventory to hedge against supply chain cost fluctuations. Additionally, it strengthened the construction of its AI engine platform and toolchain capabilities, empowering customer products with intelligent applications across various industries through AI soft power, thereby creating incremental value and continuously driving a stabilization and rebound in client gross margins. During the reporting period, the company's gross margin for its 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 for the second quarter it was 18.63%, showing a quarter-on-quarter upward trend.