Lanqi Technology (688008.SH) announced its first-half results, with net profit of 1,997 billion yuan to mother, an increase of 72.33% over the previous year

According to the Zhitong Finance App, Lanqi Technology (688008.SH) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 3.335 billion yuan, an increase of 26.66% over the previous year. Achieved net profit attributable to shareholders of listed companies of 1,997 billion yuan, an increase of 72.33% over the previous year. Achieved net profit of 1,322 billion yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies, an increase of 21.17% over the previous year. It is proposed to distribute a cash dividend of $2.00 (tax included) for every 10 shares.

The main reasons for the sharp increase in the company's net profit were as follows: (1) operating revenue increased 26.7% year on year; (2) product structure optimization, as the share of revenue from new DDR5 RCD chips and interconnect chip products increased, the gross margin of interconnect chips climbed to 69.3%, an increase of 4.95 percentage points year on year, driving the company's gross profit to reach 2,179 billion yuan, an increase of 36.9% year on year; (3) Investment income and fair value change revenue totaled 682 million yuan, an increase of 593.9.4% year on year.

At the end of the reporting period, the company's net assets belonging to shareholders of listed companies increased by 66.5% compared to the end of the previous year, and total assets increased by 68.6% compared to the end of the previous year, mainly due to the fact that the company issued H shares and received funds raised.