Overseas Business Drives A-Share Firms' Growth in H1 2026
In the first half of 2026, overseas operations became a key growth engine for many A-share listed companies, with several reporting rapid increases in foreign revenue and some leaders surpassing RMB 100 billion. The surge was fueled by AI computing infrastructure demand, overseas energy construction, and booming auto exports, as firms leveraged strengths in mature or emerging markets across optical modules, storage, vehicles, and power equipment.
In the first half of 2026, overseas business emerged as a significant growth engine for many A-share listed companies. Based on disclosed interim reports, numerous firms saw their overseas revenue climb rapidly, with some industry leaders crossing the RMB 100 billion threshold. The substantial increase in foreign income was driven by multiple factors, including the AI computing infrastructure boom, rising overseas energy infrastructure demand, and the robust expansion of automobile exports. Leveraging their respective strengths, these companies either deepened relationships with established overseas clients or ventured into emerging markets, consistently delivering products and services across sectors such as optical modules, storage, complete vehicles, and power equipment.