Huicheng Co., Ltd. (688403.SH) announced semi-annual results. Net profit attributable to mother was RMB 5,012,300, a year-on-year decrease of 94.78%

According to Zhitong Finance App News, Huicheng Co., Ltd. (688403.SH) released its 2026 semi-annual report. During the reporting period, the company achieved operating income of 959 million yuan, an increase of 10.67%; net profit attributable to shareholders of listed companies was 5,012,300 yuan, a year-on-year decrease of 94.78%; net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss was 11.4515 million yuan, which changed from profit to loss; basic income per share was 0.01 yuan.

During the reporting period, prices of raw materials such as gold rose sharply year on year, compounded by unsaturated orders in the first quarter, leading to higher unit depreciation, labor costs, and a decline in gross margin; structural changes in terminal products in the sealing and testing business, and a decline in the share of DDIC used in mobile phones, especially OLED products, which led to a decrease in the operating rate of advanced test platforms, which in turn affected gross profit margins; increased R&D investment, increased share payments, increased inventory price losses, and depreciation of the US dollar further exacerbated the decline in profits.