Haiguang Xinzheng (01191) announced interim results with losses attributable to shareholders of 118 million yuan, an increase of 239.37% year-on-year

According to the Zhitong Finance App, Haiguang Xinzheng (01191) announced interim results for the six months ended June 30, 2026, with revenue of 798 million yuan (RMB, same below), up 14.37% year on year; shareholders' losses of 118 million yuan, up 239.37% year on year; basic loss per share.

The announcement stated that during the reporting period, we continued to implement the strategy of transformation to high-speed optoelectronic interconnection products to grasp the needs brought about by the accelerated construction of AI data centers. The 14.4% year-on-year revenue was mainly due to continued investment in AI computing power infrastructure and continuous transmission rate upgrades, which led to an increase in sales of high-speed optical modules. In particular, driven by expanding customer demand and market expansion, shipments of high-value 800G optical modules increased, which contributed significantly to revenue growth during the reporting period. The increase in losses was mainly due to increased operating expenses (including sales and marketing expenses, administrative expenses, R&D expenses and financing costs). After adding back share-based payments and listing expenses related to the global offering, our adjusted net loss (non-IFRS measurement) for the reporting period was approximately RMB 75.7 million, compared to approximately RMB 29.8 million for the six months ended June 30, 2025.