Wuxi Lead Intelligent Equipment Co., Ltd. (“Lead Intelligent”) reported solid interim results for the six months ended 30 June 2026, driven by robust demand across lithium-ion battery and intelligent logistics equipment markets.

Revenue rose 23.88% year on year to RMB 8.19 billion, supported by a 34.66% jump in lithium-ion battery equipment sales to RMB 6.12 billion and a 172.14% surge in intelligent logistics revenue to RMB 1.16 billion. Lithium-ion battery solutions contributed 74.80% of group revenue, while logistics systems accounted for 14.14%.

Net profit attributable to shareholders advanced 29.15% to RMB 956 million, lifting the net margin to 11.32%. Earnings growth reflected improved operating leverage, a more favourable revenue mix and tighter cost control.

The international expansion strategy accelerated: overseas sales doubled to RMB 2.44 billion, representing 29.80% of total revenue versus 17.48% a year earlier.

Operating cash flow strengthened 73.57% to RMB 4.09 billion, underpinning a cash balance of RMB 12.97 billion at period-end. Inventories increased 12.80% to RMB 16.87 billion, aligned with higher order backlogs. Net borrowings declined, with outstanding bank loans at RMB 2.85 billion and a cash-to-debt ratio exceeding 4.5x.

R&D investment remained high at RMB 826.70 million, equal to 10.10% of revenue, reflecting continued focus on solid-state battery equipment, sodium-ion technology and large-format energy-storage solutions.

Segment detail: • PV equipment revenue fell to RMB 182.68 million; • 3C intelligent equipment sales increased 40.67% to RMB 88.62 million; • Parts and service revenue grew 56.66% to RMB 607 million.

The board proposed no interim dividend.

Lead Intelligent ended the period with total assets of RMB 49.83 billion and shareholders’ equity of RMB 17.94 billion. Chairman and CEO Wang Yanqing reaffirmed commitment to globalisation, platform expansion and high-precision R&D to sustain growth momentum in the next phases of smart manufacturing.