Landao Technology: Expected net profit growth of 64%-81% year-on-year in the first half of the year, significant increase in DDR5RCD chip shipment volume.

Lianqi Technology announced that it is expected to have a net profit attributable to shareholders of the listed company of 19.00 billion to 21.00 billion yuan in the first half of 2026, a year-on-year increase of 63.9% to 81.2%. The significant increase in performance in the first half of the year is mainly due to the AI industry trend and strong industry demand: on the one hand, with the increase in the penetration rate of DDR5 and the continuous iteration of the sub-generation, the company's DDR5RCD chip shipments have significantly increased, with the shipment proportion of the third and fourth-generation RCD chips further rising; on the other hand, the revenue of interconnect chips new products MRCD/MDB, PCIeRetimer, CKD, and CXLMXC chips has significantly increased. In the first half of 2026, the company's interconnect chip product line sales revenue was approximately 31.11 billion yuan, an increase of about 26.4% year-on-year, with the second quarter's sales revenue of the interconnect chip product line at approximately 16.94 billion yuan, a year-on-year increase of about 28.2% and a quarter-on-quarter increase of about 19.5%. The company's Q2 net profit is expected to be 10.53 billion to 12.53 billion yuan, and the Q1 net profit was 8.47 billion yuan. Based on this calculation, the Q2 net profit is expected to increase by 24% to 47% quarter-on-quarter.