Litong Electronics (603629.SH) announced first-half results, with net profit of 702 million yuan to mother, an increase of 1275.15% over the previous year

Zhitong Finance App News, Litong Electronics (603629.SH) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 2.01 billion yuan, an increase of 38.58% over the previous year. Net profit attributable to shareholders of listed companies was 702 million yuan, an increase of 1275.15% over the previous year. Achieved net profit of 615 million yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies, an increase of 1088.95% over the previous year.

Revenue during the reporting period increased 38.58% over the same period of the previous year, mainly due to a 162.38% increase in revenue from the AI computing power business compared to the same period of the previous year. Demand for intelligent computing power was still booming in the first half of 2026, and the company's revenue from the sales business of computing power equipment and accessories increased significantly.

Net profit attributable to shareholders of listed companies increased significantly compared to the same period last year. The main reasons were: (1) AI computing power business revenue increased by 162.38%, and computing power business profit increased by 488.81%; (2) For the manufacturing side business, the company continued to optimize business process control, improve automated production efficiency in various production processes, strengthen cost transmission and customer price adjustment mechanisms, net loss of 16.383 million yuan, a year-on-year decrease of 71.03%; (3) During the reporting period, the fair value of the company's foreign equity investment changed by nearly 100 million yuan, and income from equity disposal was nearly 112 million yuan. Compare Significant increase in the same period last year.