MeiG Intelligence (002881.SZ) released results for the first three quarters, with net profit of 187 million yuan to mother, an increase of 65.19% over the previous year

According to Zhitong Finance App, MeiG Intelligence (002881.SZ) released its report for the third quarter of 2026. The company achieved operating income of 3,526 billion yuan in the first three quarters, an increase of 24.99%; net profit attributable to shareholders of listed companies was 187 million yuan, up 65.19% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 188 million yuan, an increase of 79.22% year on year; basic earnings per share were 0.65 yuan.

During the reporting period, driven by demand for smart modules, end-side computing products, 5G wireless broadband products, and increased shipments from major overseas customers, the company achieved overseas revenue of 1,963 billion yuan, a sharp increase of 103.80% over the previous year. Among them, overseas revenue for the third quarter was 965 million yuan, an increase of 69.60% over the previous year. The share of overseas revenue increased to 55.66%, and the share of overseas revenue exceeded 50% for the first time since the company was founded.

In terms of domestic revenue, demand for various smart modules and high computing power modules for end-side computing applications continues to grow, which has an obvious effect on revenue. However, the purchase volume of products purchased by a single major customer of intelligent connected vehicles decreased significantly compared to the same period last year, so domestic revenue showed a downward trend during the reporting period. From an industry perspective, the revenue scale of the Internet of Things\ end side and wireless broadband industries all maintained high growth, and the share of revenue showed an upward trend. The smart connected vehicle industry was affected by a decline in the purchasing volume of a single major customer, and its share of revenue declined. Excluding the impact of the decline in revenue from a single major customer, the revenue of the company's other customers (domestic+overseas) increased 72.39% year on year, and the revenue of the company's other domestic customers increased 44.36% year on year.