UGREEN H1 2026 Revenue RMB 5.821 Billion, Up 50.92%; Net Profit Up 56.9%

On August 25, 2026, UGREEN Technology disclosed its 2026 interim report. In the first half, total operating revenue was RMB 5.821 billion, up 50.92% year on year; net profit attributable to shareholders of the listed company was RMB 431 million, up 56.9%. The comprehensive gross margin was 39.18%, up 2.20 percentage points year on year. Net profit attributable to shareholders excluding non-recurring gains and losses increased 62.59%, and basic earnings per share were RMB 1.0387. The weighted average return on equity was 12.12%, up 2.97 percentage points year on year.

During the reporting period, UGREEN's R&D expenses reached RMB 349 million, up 101.21% year on year. As of the end of the reporting period, the company had accumulated 2,506 globally registered patents, including 48 invention patents, with another 349 invention patents under substantive examination. R&D focus areas cover third-generation semiconductor fast-charging technology, intelligent storage and on-device AI technology, high-speed connectivity and office networking technology, and AI acoustics and high-definition audio-video technology.

All four core product categories maintained growth. The charging and creative business generated revenue of RMB 2.667 billion, up 50.02% year on year; the intelligent storage business generated RMB 770 million, up 85.53%; the intelligent office business generated RMB 1.5 billion, up 45.35%; and the intelligent audio-video business generated RMB 877 million, up 39.2%.

Overseas business revenue was RMB 3.888 billion, up 69.42% year on year, accounting for 66.87% of main business revenue; domestic business revenue was RMB 1.926 billion, up 23.46%. Online channel revenue was RMB 4.147 billion, up 45.69%, of which Amazon platform revenue was RMB 2.28 billion, up 71.78%; offline channel revenue was RMB 1.667 billion, up 65.31%, and the company has entered retail systems including Walmart, Costco, and Best Buy.

During the reporting period, UGREEN's NAS private cloud was adapted for Li Auto's in-vehicle system, the company collaborated with BYD on developing new national-standard battery cells, and partnered with MiniMax on a large-model private cloud solution. The company's products won nine 2026 German iF Design Awards, and the HiTune X8 open-ear headphones won the 2026 AWE Appliance Innovation Award. The company was also named a 2025 Shenzhen Intellectual Property Leading Enterprise.