The net profit of Longqi Technology (09611) in the second quarter was 230 million yuan, up 14.38% year-on-year

According to the Zhitong Finance App, Longqi Technology (09611) announced its 2026 interim results, with revenue of about 18.661 billion yuan and gross profit of about 1,738 billion yuan, an increase of 11% over the previous year; profit attributable to the owner of the parent company was about 246 million yuan, or 0.48 yuan per share. Among them, the second quarter of 2026 achieved revenue of 11.098 billion yuan, an increase of 5.40% over the previous year, and net profit attributable to the company's shareholders was 230 million yuan, an increase of 14.38% over the previous year.

During the reporting period, the company's smartphone business achieved revenue of 12.420 billion yuan. Among them, the company's smartphone shipments in the second quarter increased by nearly 20% compared to the first quarter. The month-on-month improvement in shipment volume mainly came from two aspects: the increase in the pace of downstream customer pickup and the company also adjusted its business strategy in a timely manner, and relied on existing mature platforms and projects to carry out iterative optimization to efficiently launch new products.

During the reporting period, the company's tablet business achieved revenue of 2,280 billion yuan, an increase of 19.96% over the same period last year. Among them, shipments in the second quarter increased sharply by 69% compared to the first quarter. Although the tablet industry was affected by two factors in the first half of 2026, driven by price increases in upstream components and weakening demand in core markets at home and abroad, the company continued to deepen cooperation with leading domestic and foreign customers to promote efficient iteration and stable delivery of existing tablet projects; at the same time, it actively explores new project opportunities from leading global manufacturers to hedge against the downward pressure on the industry.

During the reporting period, the company's AIoT business achieved revenue of 3.655 billion yuan, an increase of 8.54% over the same period last year. The company's smart wearable business continues to iterate and innovate, breakthroughs have been made in medical and health wearable products, and the product matrix has been further improved. The company's smart glasses business has maintained a steady growth trend, and projects for leading domestic and foreign customers are progressing steadily according to the plan. Furthermore, the company actively integrated into the Google Android XR ecosystem and launched a new Puck product with Xreal at the China Home Appliance and Consumer Electronics Fair. Puck products have become one of the general solutions for Android XR. On the manufacturing side, the company's SiP production lines have been launched in Shanghai and Malaysia, and is steadily advancing the R&D and intelligent production of complete machines to consolidate comprehensive competitiveness.