Interim report released on the bell-ringing day! Huanchuang Technology (06802) doubles gross profit, profit surges 387.7%, dTOF LiDAR becomes the strongest growth engine.

On September 30, Huanchuang Technology (06802), which officially listed on the Main Board of the Hong Kong Stock Exchange, simultaneously disclosed its 2026 interim results, with core indicators exceeding expectations across the board. During the reporting period, the company achieved revenue of RMB 412.7 million, a sharp year-on-year increase of 41.4%. The growth was mainly driven by the strong momentum of two high-gross-margin products: among them, dTOF LiDAR revenue reached RMB 115 million, a year-on-year increase of as high as 350%, making it the strongest growth engine; line laser sensor revenue reached RMB 101 million, up 91% year on year, forming a clear dual-engine growth pattern with dTOF products, with notable results in product mix optimization. As shipment scale ramped up rapidly, the economies of scale formed by the company's sustained prior investment were officially realized. In the first half of the year, the company recorded gross profit of RMB 76.57 million, a year-on-year increase of 99.4%. Overall gross margin rose from 13.2% in the same period last year to 18.6%, driving a substantial release of profit elasticity. In the first half of 2026, the company achieved profit for the period of RMB 11.97 million, compared with a loss of RMB 4.16 million in the first half of 2025, a surge of approximately 387.7% year on year; in full-year 2025, it achieved profit of RMB 2.201 million, so the profit scale in the first half of 2026 has already reached more than 5 times the full-year profit of 2025, entering a sustained profitability channel. Performance on the shipment side was equally impressive. In the first half of the year, the company's total LiDAR product shipments exceeded 7 million units, of which dTOF LiDAR shipments exceeded 2.5 million units and line laser sensor shipments exceeded 4 million units. Stable large-scale delivery capability further consolidated the company's deep ties with core customers: at present, the company has established long-term cooperative relationships with the top five enterprises in the intelligent Siasun Robot&Automation industry, with an average cooperation period of 4 to 7 years, placing customer quality and stickiness in a leading position within the industry chain. While achieving high growth in performance, the company did not slow the pace of R&D investment. In the first half of the year, R&D expenses increased by 24.7% year on year to RMB 37.61 million, with focus on advancing the development of the next-generation C-series chips and the "Phoenix" dTOF platform. Today, Huanchuang Technology's H shares were officially listed on the Main Board of the Stock Exchange. The company raised net proceeds of approximately HKD 615.4 million from its global offering, of which 65% will be used to enhance core technology R&D, 25% to improve intelligent manufacturing capabilities, and to establish a subsidiary in Hong Kong and expand into European and American markets.