Lens Technology Posts 12.42% Revenue Drop in First Half as Net Profit Falls 49.52%

Lens Technology reported first-half 2026 revenue of 28.866 billion yuan, down 12.42% year on year, while net profit attributable to shareholders fell 49.52% to 577 million yuan and recurring net profit dropped 70.45% to 278 million yuan, according to Jiemian News. Gross margin rose 2.21 percentage points to 16.43%, but financial expenses swung to 517 million yuan from minus 130 million yuan a year earlier, including about 492 million yuan in foreign-exchange losses. Asset impairment losses reached 437 million yuan, and inventories stood at 7.933 billion yuan at the end of June, up 14.4% from the start of the year. The company said its smartphone and computer business generated 22.382 billion yuan in revenue, down 17.67% and accounting for 77.54% of total revenue. Its smart vehicle and cockpit business brought in 3.372 billion yuan, up 6.56%, while smart headsets and wearables contributed 1.777 billion yuan, up 7.95%. Other smart terminal revenue rose 46.92% to 534 million yuan. Lens Technology also said it signed a memorandum of cooperation with Intel in July 2026 on TGV glass substrates, has completed related pilot-line expansion and customer validation in Dongguan Songshan Lake, and has begun mass shipments of enterprise SSDs.