Metax Integrated Circuits Posts H1 Revenue Above RMB 1.3 Billion, Returns to Profitability on Higher GPU Shipments

Stock News08-30

Metax Integrated Circuits (Shanghai) Co., Ltd. (688802.SH) disclosed its semi-annual report for fiscal 2026 on the evening of August 30, showing a return to profitability driven by stronger GPU product shipments.

For the first half of the year, the company recorded operating revenue of RMB 1.324 billion, a year-on-year increase of 44.67%. Net profit attributable to shareholders reached RMB 612 million, reversing a prior-year loss.

On a quarterly basis, second-quarter revenue came in at RMB 762 million, with single-quarter non-GAAP net profit attributable to shareholders of RMB 54 million, also swinging to a profit sequentially. The gross margin for the first half stood at 57.2%, up 1.1 percentage points from the same period last year.

According to the filing, the company's products and services have continued to gain broad recognition and procurement from downstream customers, with significantly higher GPU shipments driving a marked increase in revenue scale compared to the same period last year.

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