Lingyi iTech's Q3 2026 revenue was 15.522 billion yuan and net profit was 1.153 billion yuan, both setting new single-quarter highs

On October 29, Lingyi iTech disclosed its 2026 third-quarter report. In the first three quarters, the company achieved operating revenue of approximately RMB 40.671 billion, net profit attributable to shareholders of the listed company of approximately RMB 1.917 billion, and net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of approximately RMB 1.447 billion. Among this, in the third quarter the company achieved operating revenue of approximately RMB 15.522 billion, up 11.15% year on year; net profit attributable to shareholders of the listed company of approximately RMB 1.153 billion, up 14.00% year on year; and net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of approximately RMB 1.058 billion, up 17.88% year on year, all setting new single-quarter highs for Lingyi iTech. Share repurchase and first increase in holdings effectively safeguard shareholder interests. On March 26, 2026, the 23rd meeting of the sixth board of directors approved a repurchase plan, proposing a total repurchase fund of RMB 200-400 million. On July 17, 2026, the 27th meeting of the sixth board of directors raised the total repurchase fund to RMB 400-800 million. According to the "Announcement on the Progress of Share Repurchase", as of October 15, 2026, the company had cumulatively repurchased approximately RMB 539 million (excluding transaction fees). On October 29, the company published the "Announcement on the Plan of the Company's Actual Controller, Chairman and General Manager to Increase Holdings of the Company's H Shares". Based on firm confidence in the company's future development and high recognition of its long-term investment value, and to enhance investor confidence, Ms. Zeng Fangqin, the company's actual controller, chairman and general manager, plans to increase holdings of the company's H shares within 12 months from the date of disclosure of this announcement, with a total planned increase of RMB 100-200 million. Edge-side AI develops steadily, core competitiveness further consolidated. The company is deeply engaged in the field of precision "smart" manufacturing and continues to deepen strategic cooperation with global leading customers. The edge-side AI segment focuses on the R&D, production, sales and solutions of edge-side related hardware, with a product matrix covering AI phones and foldable phones, AI glasses and XR wearable devices, AI computers (AI PC), edge-side thermal management (heat dissipation), imaging display, battery power, sensors and related modules, materials, premium assembly and other fields. In the field of foldable terminal hardware, the company supplies core precision components related to new-generation terminal products to a major North American customer, covering hinge precision structural parts, screen support plates, ultra-thin vapor chambers and flanged ultra-thin stainless steel battery shell modules, among others. In edge-side thermal management products and solutions, the company provides global leading technology customers with integrated thermal management solutions ranging from vapor chambers (VC) in various materials to AI terminals. The core product matrix covers products in various materials and forms, including stainless steel, composite materials, aerospace-grade titanium and 3D dual heat sources, aiming to greatly improve the performance limit of terminal heat dissipation. At the same time, the company is deeply engaged in the field of AI glasses and XR wearable devices, fully covering core hardware products such as soft functional parts, injection-molded parts, heat dissipation solutions and chargers for smart wearable devices including AR, VR, MR and AI glasses, and works closely with terminal brands, committed to becoming a leading supplier of core hardware and key technologies for smart wearable devices. Diversified businesses work in synergy, and the Nth curve is gathering strength. Physical AI (robotics). In the field of physical AI (robotics), the company takes "becoming a 'trinity' global leading embodied intelligence hardware manufacturer" as its strategic positioning. The company provides terminal manufacturers with comprehensive embodied intelligence product solutions. Assembly lines at robotics bases in Beijing, Chengdu, Zhengzhou, Dongguan and overseas have officially been put into production, and products such as core components, joint modules and complete humanoid robots have been mass-produced and delivered. The company strives to build an embodied intelligence data asset platform, connecting the full-process collection, accumulation and application of data from real-machine data and simulation data to internet data, realizing full-chain empowerment of industrial scenario data assets from perception to intelligence. In terms of application implementation, the company actively promotes the development of application scenarios for embodied intelligent robots and has built multiple real work scenarios for data collection and real-machine training, forming an all-round robot layout from industrial to service scenarios. At present, the company has deployed multiple types of industrial embodied robots in core production links such as loading and unloading handling and AOI appearance inspection, laying the foundation for intelligent robots with generalization capabilities to participate in manufacturing work in the future. AI computing power. Physical AI (robotics). In the field of AI computing power liquid cooling, the company acquired Readore in January 2026. Its main business includes server liquid cooling quick-disconnect connectors (QD), liquid cooling manifolds (Manifold), single-phase liquid cooling heat dissipation modules (server liquid cooling plates and optical module cold plates), phase-change liquid cooling heat dissipation modules, server vapor chambers (VC and 3DVC) and other core thermal management hardware products, as well as busbars (Busbar) and others. At the 2026 OCP Global Summit, Readore, a controlled subsidiary of Lingyi iTech, as an NVIDIA MGX ecosystem partner, exhibited liquid cooling core products such as the Inner Manifold water distributor and the new-generation ZQD quick-disconnect connector. At the same time, in the field of AI computing power power supplies, Lingyi iTech's server common redundant power supply (CRPS) related products have achieved mass production and shipment. Automotive and low-altitude economy. In the fields of automotive and low-altitude economy, the company has built a diversified product cluster covering automotive transmission systems, interior and exterior trim parts and core components of new energy batteries; in the low-altitude economy field, related products include carbon fiber aircraft rotating blades and high-power charging systems, among others. A new journey begins at the 20th anniversary, empowering the AI industry in multiple dimensions. 2026 marks the 20th anniversary of the company's founding and, more importantly, a key year for the company to strive toward its medium- and long-term development goals for 2030. Facing the profound changes of the global AI+ infrastructure revolution, the management team, guided by the strategic principle of "do the right things and do things right", continues to deepen its core track of intelligent manufacturing, empowering the development of the AI industry from multiple dimensions including edge-side AI, physical AI and AI computing power. Original title: Lingyi iTech's third-quarter revenue and profit hit new highs