MeiG Smart Technology (03268) achieved a net profit attributable to shareholders of approximately RMB187 million in the first three quarters, a year-on-year increase of 65.19%.

MeiG Smart Technology (03268) announced its results for the first three quarters of 2026, with operating revenue of approximately RMB3.526 billion, a year-on-year increase of 24.99%; net profit attributable to shareholders of the listed company of approximately RMB187 million, a year-on-year increase of 65.19%; and basic earnings per share of RMB0.65. Of this, the third quarter achieved operating revenue of RMB1.502 billion, a year-on-year increase of 60.66% and a quarter-on-quarter increase of 36.92%, with single-quarter revenue continuing to hit a record high. Net profit attributable to the parent company was RMB81.0176 million, with single-quarter net profit up 179.34% year-on-year and up 36.69% quarter-on-quarter. Overseas revenue achieved double-digit growth, with its share of revenue exceeding 50% for the first time: during the reporting period, driven by demand for smart modules, edge computing products, and 5G wireless broadband products as well as increased shipments to major overseas customers, the company achieved overseas revenue of RMB1.963 billion, a significant year-on-year increase of 103.80%, of which third-quarter overseas revenue was RMB965 million, up 69.60% quarter-on-quarter. The share of overseas revenue rose to 55.66%, marking the first time since the company's founding that overseas revenue accounted for more than 50%. At the end of the reporting period, the company's inventory amounted to RMB1.784 billion, an increase of RMB883 million from the beginning of 2026, as the company actively stockpiled raw materials such as main chips and memory chips for subsequent orders. At the end of the reporting period, the company's contract liabilities were RMB264 million, continuing to increase from RMB192 million at the beginning of 2026, with downstream customer demand still showing a growth trend.