Maxio Technology: H1 Net Profit Exceeds RMB 500 Million; Q2 Net Profit Surges Over 57 Times QoQ

Maxio Technology has released its performance forecast for the first half of the year: it expects to achieve an operating revenue of approximately RMB 849.69 million in H1 2026, an increase of about RMB 239.97 million compared to the same period last year, representing a year-on-year growth of around 39%. The net profit attributable to shareholders of the listed company is expected to reach approximately RMB 517.13 million, an increase of about RMB 461 million year-on-year, representing a growth of approximately 821%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be approximately RMB 54.1 million, an increase of about RMB 19.01 million year-on-year, representing a growth of around 54%.

In the first quarter of this year, Maxio Technology recorded an operating revenue of RMB 355 million and a net profit attributable to parent company shareholders of RMB 8.86 million. Based on this, the estimated Q2 operating revenue is RMB 495 million, a 39% increase QoQ; the estimated net profit attributable to parent company shareholders is RMB 508 million, a 57.37-fold increase QoQ.

According to the announcement, in the first half of this year, the overall memory market maintained demand growth, and the industry landscape continued to optimize. Focusing on its core memory controller business and capitalizing on industry prosperity, Maxio Technology has seen its PCIe 3.0, PCIe 4.0, PCIe 5.0, and enterprise-grade SATA controller chips continuously benefit from market expansion, with shipments continuing to grow steadily.

The company has also achieved phased progress in new product development and mass production. Its PCIe 5.0 memory controller chip supports the NVMe 2.1 protocol and next-generation LDPC error correction technology, delivering nearly double the performance of the previous generation, and has entered mass production at OEM vendors. The UFS 3.1 controller chip now supports QLC NAND, which can effectively reduce customers' overall memory costs during NAND price upcycles. The enterprise-grade PCIe 5.0 memory controller chip is currently in the mass production testing phase, with related R&D progressing smoothly. However, it has not yet contributed to revenue, and there is certain uncertainty regarding its future mass production pace and performance contribution.

In addition, the announcement stated that the non-recurring gains and losses included in the net profit attributable to shareholders of the listed company for the first half of the year are expected to amount to approximately RMB 463.03 million, a significant increase compared to the same period last year. This was mainly due to a substantial increase in the fair value change gains recognized in the current period from the company's strategic placement holdings in shares of SJSemi.