Quectel Wireless Solutions Co Ltd

Quectel has released its 2026 interim report, with net profit attributable to the parent company of 602 million yuan. The company's total operating revenue was 15.259 billion yuan, and net cash flow from operating activities was negative 378 million yuan. The latest asset-liability ratio was 66.35 percent, up 3.10 percentage points from the previous quarter. Gross margin was 18.71 percent, and return on equity was 8.18 percent, down 2.52 percentage points from the same period last year. Diluted earnings per share were 1.49 yuan, total asset turnover was 0.79 times, and inventory turnover was 1.86 times. The number of shareholders was 51,700, and the top ten shareholders held 154 million shares, accounting for 38.15 percent of total share capital.

Several A-share companies have released a batch of announcements covering interim reports, share buybacks, contract wins, and equity changes. Quectel's first-half net profit rose 27.84 percent year on year, and it plans to pay a dividend of 4.7 yuan per 10 shares. Baofeng Energy's net profit increased 70.14 percent year on year, with a planned dividend of 4.2 yuan per 10 shares. Yihai Kerry Arawana posted a net profit of 2.294 billion yuan, up 30.69 percent year on year. Shanghai Pudong Development Bank reported a net profit of 30.951 billion yuan, up 4.08 percent year on year. Weihua New Materials plans to buy back shares worth 80 million to 120 million yuan, while Southeast Electronics plans a buyback of 14 million to 28 million yuan. Hybio Pharmaceutical and Sunshine Mandi signed a cooperation agreement for semaglutide injection, and CATL plans to invest in the Hainan Times Green Industry Investment Fund.

Kangsheng Co. announced that its chairman and general manager Wang Yajun has been subjected to bail pending trial by judicial authorities, but this does not affect his performance of duties. Upon verification, the matter does not involve the company's production and operating activities, nor does it involve the company's business, assets, or major matters that should have been disclosed but were not. As of the disclosure date of the announcement, Wang Yajun is able to perform his duties as chairman and general manager normally, the company's board of directors is operating normally, and all operational and management activities are proceeding in an orderly manner. In addition, Baofeng Energy reported a net profit attributable to the parent company of 9.728 billion yuan in the first half of the year, up 70.14 percent year on year. Quectel reported a net profit attributable to the parent company of 602 million yuan in the first half, up 27.84 percent year on year. Nanqiao Food reported a net profit attributable to the parent company of 2.5939 million yuan in the first half, down 92.79 percent year on year. A major shareholder of Shanshuishan plans to reduce its stake by no more than 4.03 percent. The actual controller of Zhilicube has completed a reduction plan involving a total of 5.0554 million shares. Zhongjian Technology faces a total fine of 3.9 million yuan for illegal information disclosure. A major lawsuit involving Radio and Television Network was settled through mediation, and the company is required to pay 70.1917 million yuan. Huayang New Materials received a notice of response and is being sued for joint payment of 58.389 million yuan in project fees. In the case involving ST Meigu as the appellee in a tort liability dispute, the second-instance court ruled to dismiss part of the lawsuit.

On the evening of July 21, several A-share companies disclosed interim dividend plans proposed by their chairmen or controlling shareholders. G-bits Chairman Lu Hongyan proposed a cash dividend of 100 yuan per 10 shares for the first half of 2026, with a total payout of approximately 720 million yuan, and no conversion of capital reserve into share capital or other forms of profit distribution. Deye's controlling shareholder Aisirui Investment proposed an interim cash dividend of 16 yuan per 10 shares; the company expects a net profit attributable to the parent of 2.668 billion to 2.728 billion yuan for the first half, a year-on-year increase of 75.28% to 79.22%. Quectel Chairman Qian Penghao proposed an interim dividend of no less than 30% of the first-half net profit attributable to the parent; its first-quarter net profit attributable to the parent was 141 million yuan. Tinci Materials' controlling shareholder Xu Jinfu proposed an interim cash dividend of 1 yuan per 10 shares; the company expects a first-half net profit of 2.7 billion to 3 billion yuan, a sharp year-on-year increase of 907.84% to 1019.82%.

Quectel shares hit their daily limit, closing at 54.46 yuan per share with a total market capitalization of 21.9 billion yuan. The move came after the company officially launched its fully self-developed AI+AR glasses, the Hawk series, along with the companion computing unit, the Dolphin series, marking its full entry into the XR sector. The Hawk series includes optical waveguide and BirdBath glasses, covering different chip platforms and optical solutions. The optical waveguide glasses support three-level electrochromic dimming, while the BirdBath glasses offer diopter adjustment from zero to four hundred degrees. The Dolphin computing unit is based on the Qualcomm Snapdragon platform. The on-device computing version delivers 48 TOPS of processing power, and the 5G edge-cloud fusion version features a built-in self-developed eSIM. Ma Guowen, general manager of Quectel's XR product line, stated that the company positions itself as an ODM and EMS provider for smart hardware. Its strategy is to add capabilities while streamlining processes, driving XR from proof of concept to mass production. The Changzhou factory is already equipped with a Class 100 cleanroom, AA binocular coupling equipment, and other production line capabilities.