Interim report released on the bell-ringing day! Huanchuang Technology (06802) doubles gross profit, profit surges 387.7%, dTOF LiDAR becomes the strongest growth engine.

On September 30, Huanchuang Technology (06802) officially listed on the Main Board of the Hong Kong Stock Exchange and simultaneously disclosed its 2026 interim results, with core indicators exceeding expectations across the board. During the reporting period, the company achieved revenue of RMB 412.7 million, a significant year-on-year increase of 41.4%. The growth was mainly driven by two high-gross-margin products: dTOF LiDAR revenue reached RMB 115 million, a year-on-year increase of 350%, making it the strongest growth engine; line laser sensor revenue reached RMB 101 million, up 91% year-on-year, forming a clear dual-engine driving pattern with dTOF products and demonstrating significant results from product mix optimization. As shipment scale ramped up rapidly, the economies of scale from the company's sustained prior investment were officially realized. In the first half of the year, the company recorded gross profit of RMB 76.57 million, a year-on-year increase of 99.4%. Overall gross margin rose from 13.2% in the same period last year to 18.6%, driving a substantial release of profit elasticity. In the first half of 2026, the company achieved profit for the period of RMB 11.97 million, compared with a loss of RMB 4.16 million in the first half of 2025, a year-on-year surge of approximately 387.7%; full-year 2025 profit was RMB 2.201 million, meaning that profit in the first half of 2026 has already reached more than 5 times the full-year 2025 profit, entering a sustained profitability trajectory. Performance on the shipment side was equally impressive. In the first half of the year, total LiDAR product shipments exceeded 7 million units, including more than 2.5 million units of dTOF LiDAR and more than 4 million units of line laser sensors. Stable large-scale delivery capability further consolidated the company's deep ties with core customers: the company has now established long-term partnerships with the top five enterprises in the intelligent Siasun Robot&Automation industry, with an average cooperation period of 4 to 7 years, placing customer quality and stickiness at a leading position in the industry chain. Amid high performance growth, the company did not slow its pace of R&D investment. In the first half of the year, R&D expenses increased 24.7% year-on-year to RMB 37.61 million, with focus on advancing the development of the next-generation C-series chips and the "Phoenix" dTOF platform. Today, Huanchuang Technology's H shares officially commenced listing on the Main Board of the Stock Exchange. The company raised net proceeds of approximately HKD 615.4 million from its global offering, of which 65% will be used to enhance core technology R&D, 25% to upgrade intelligent manufacturing capabilities, and to establish a subsidiary in Hong Kong and expand into European and American markets.