Micro‑Tech released its 2026 half‑year performance forecast on August 3, 2026, delivering robust revenue and explosive profit growth amid advancing domestic semiconductor substitution. The company expects H1 2026 operating revenue of approximately RMB 6.69 billion, representing a 34.89% year‑over‑year increase. Net profit attributable to parent shareholders is projected to range from RMB 2.70 billion to RMB 2.90 billion, surging 282.48% to 310.81% year‑over‑year. Non‑recurring adjusted net profit is expected to reach RMB 1.00 billion to RMB 1.20 billion, up 85.61% to 122.73% annually.
Investment Gains Boost Overall Profitability, Core Business Margins Improve in Parallel
Micro‑Tech’s substantial H1 2026 profit expansion is driven by dual growth drivers from operational improvement and investment income. The year‑over‑year net profit increment of RMB 1.99–2.19 billion stems from sustained operating profit growth fueled by revenue scale expansion, as well as fair value changes and investment returns from external equity investments. While investment income significantly elevates overall profitability, the company’s core equipment manufacturing business also delivered steady margin recovery, reflecting improving operational quality and product profitability.
Rapid R&D Iteration and Customer Validation Accelerate Platform Product Rollout
Backed by accelerated product iteration and client‑side qualification progress, the company’s platform‑based equipment layout is entering a fast commercialization phase. Micro‑Tech’s robust 34.89% top‑line growth in H1 2026 is underpinned by continuous penetration of newly validated equipment and expanding market recognition. The company’s ongoing R&D pipeline covers six major equipment categories and more than 20 new product models. Notably, its single‑product development cycle has been shortened from the historical 3–5 years to less than 2 years, marking a substantial acceleration in new product iteration and industrial deployment rhythm.
Multiple self‑developed equipment models have completed customer verification, with core performance indicators reaching globally advanced standards and partially outperforming overseas mainstream configurations. The company’s product matrix continues to expand toward multi‑category coverage and high‑end technological specifications, building a solid product pipeline to sustain long‑term revenue growth.
Sustained High R&D Intensity Continues to Enrich High-End Equipment Portfolio
Micro‑Tech maintains industry‑leading R&D investment intensity to consolidate its technological moat. In H1 2026, the company’s total R&D expenditure reached approximately RMB 2.04 billion, up 36.89% year‑over‑year, with the R&D‑to‑revenue ratio standing at 30.52%. As of end‑June 2026, the company has developed 54 types of high‑end semiconductor equipment, covering etching, thin‑film deposition, chemical mechanical polishing (CMP), and metrology & inspection segments. The diversified platform‑based product layout enables Micro‑Tech to capture incremental orders across wafer fab capacity expansion and domestic substitution cycles, securing clear long‑term growth visibility.
All Rights By Glebors Media © 2026
