LAUNCH TECH (02488) released its interim results, with revenue of approximately 1.071 billion yuan, an increase of 9.1% year-on-year.

LAUNCH TECH (02488) announced its mid-term results for 2026, reporting an operating income of approximately RMB 1.071 billion, a year-on-year increase of 9.1%; net profit attributable to shareholders of the parent company was approximately RMB 175 million; basic earnings per share were RMB 0.426; and an interim dividend of RMB 0.29 per share was declared. The announcement stated that in the first half of 2026, the group maintained a growth trend in a challenging operating environment, with operating income of about RMB 1.07 billion, a year-on-year increase of 9.1%, and main business income of approximately RMB 1.05 billion, a year-on-year increase of 9.5%; gross profit was about RMB 500 million, a year-on-year increase of 5.2%; net profit attributable to shareholders of the parent company was approximately RMB 175 million. The above investments are all strategic forward-looking plans aimed at solidifying long-term growth momentum and building momentum for subsequent high-quality development. The group has established a collaborative development pattern across four major business areas: equipment, software, AI services, and data. In the first half of 2026, the three high-value-added businesses of software, data, and AI services continued to show explosive growth, with their income share steadily rising and business structure accelerating its optimization. The groups equipment business covers a full range of hardware products including automotive diagnostics, testing, and maintenance, with core products including the X-431 series smart diagnostic equipment, EV series new energy diagnostic equipment, the X-613 wireless 3D smart four-wheel alignment machine, and ADAS advanced driving assistance calibration equipment. Among these, the X-431 series smart diagnostic equipment achieved sales of approximately 169,000 units in the first half of 2026, a year-on-year increase of about 4.8%. Despite facing pressure from a temporary decline in overseas client stockpiling, this product, as the core hardware base of the group, continues to provide a massive terminal entry for software subscriptions, remote diagnostics, AI intelligent services, big data, and other value-added services; new energy equipment is accelerating its global layout relying on Yuanzheng new energy stations, which have established 165 stations worldwide, covering 15 cities domestically and five countries overseas, with rapid growth in income from new energy equipment. In the first half of 2026, the equipment business achieved an income of approximately RMB 900 million, a year-on-year increase of 3.1%. In the future, the group will continue to rely on product innovation and the advantages of global channels to promote steady growth in its equipment business.