Hantian Tiancheng (02726) is expecting net profit for the 2026 fiscal year to be about 108 million yuan to 158 million yuan, a year-on-year increase of about 800% to 1217%

According to the Zhitong Finance App, Hantian Tiancheng (02726) announced that the Group expects to achieve the following financial performance for the year ended December 31, 2026 (fiscal year 2026): Expected revenue is approximately RMB 1,707 million to RMB 1,760 million, compared with RMB 765 million for the year ended December 31, 2025 (fiscal year 2025), an increase of RMB 842 million to RMB 995 million, an increase of about 110% to 130% over the previous year; and

Net profit is estimated to be approximately RMB 108 million to RMB 158 million, up about 800% to 1217% year over year of RMB 12 million in fiscal year 2025; adjusted net profit is approximately RMB 281 million to RMB 331 million, compared with RMB 198 million in fiscal year 2025, up about 42% to 67% year on year.

According to currently available data, the board of directors believes that the above changes in expected performance are mainly due to the increase in demand for downstream applications in AI data centers, which led to an increase in the Group's silicon carbide epitaxial chip orders and sales, and revenue growth; and the expansion of the company's production and sales scale and the increase in fixed cost dilution effects. Coupled with improvements in material cost control and production efficiency, the unit production cost decreased, which led to a continuous increase in gross margin.