Zhongji Innolight H1 2026 Revenue RMB41.78B, Net Profit RMB13.65B, Proposes Dividend

Zhongji Innolight disclosed its semi-annual report on August 21, 2026. In the first half of 2026, the company achieved operating revenue of RMB 41.778 billion, up 182.49% year on year; net profit attributable to shareholders of the listed company was RMB 13.651 billion, up 241.70% year on year; basic earnings per share was RMB 12.31. The company plans to distribute a cash dividend of RMB 12 per 10 shares (inclusive of tax) to all shareholders. In the second quarter, net profit was RMB 7.917 billion, compared with RMB 5.734 billion in the first quarter, an increase of 38% quarter on quarter. Overseas markets are the main source of the company's revenue. Overseas revenue in the first half reached RMB 39.615 billion, up about 209.9% from RMB 12.781 billion in the same period of 2025, accounting for more than 94% of total revenue. Driven by increased investment in overseas AI computing infrastructure, demand for high-speed optical modules such as 800G and 1.6T continued to grow, and the company maintained a high supply share among key customers. In the domestic market, relying on the mass production capacity of Chengdu Zhihe, the delivery scale of 400G and 800G products steadily increased. The company increased R&D investment. R&D expenses in the first half were about RMB 1.153 billion, up 96.9% year on year, mainly invested in silicon photonics and coherent technologies. The 1.6T silicon photonics module has entered the stage of large-scale volume production, with shipments rising quarter by quarter. The company also showcased next-generation optical interconnect products such as the 12.8T 8xDR8 XPO module and the 6.4T 4xDR8 NPO module, and continues to develop technology routes including XPO, NPO, CPO, and OCS. In terms of profitability, operating profit in the first half increased by 253.30% year on year, and the weighted average return on equity rose from 18.84% in the same period of 2025 to 37.62%. Net cash flow from operating activities was RMB 1.800 billion, down 44.08% year on year; as of the end of the period, total liabilities were RMB 24.875 billion, up 82% from the end of 2025, and the asset-liability ratio rose to 36.08%. Shareholder information disclosed on the same day showed that Zhang Jianping newly entered as the ninth-largest shareholder, holding 5.9348 million shares, accounting for 0.53% of total share capital.