Shannon Semi: Net Profit for H1 2026 Expected to Surge 2,118%–2,434% Year-on-Year

Shannon Semi announced that its net profit attributable to shareholders of the listed company for the first half of 2026 is projected to reach RMB 3.5 billion to RMB 4.0 billion, representing a year-on-year increase of 2,118% to 2,434%. The performance growth is primarily driven by the high prosperity of the memory chip industry, fueled by rising AI demand, improved gross margins in the company's electronic component distribution business, and the large-scale commercialization of its proprietary brand, "HippStor".

Based on the Q1 net profit of RMB 1.327 billion, the Q2 net profit is estimated at RMB 2.173 billion to RMB 2.673 billion, marking a quarter-on-quarter growth of 63% to 101%.