Fortior Tech (01304) reported strong interim results for the six months ended 30 June 2026, driven by robust demand across consumer and industrial motor-control markets.

Revenue grew 49.60% year-on-year to RMB 560.90 million, while gross profit rose 49.90% to RMB 291.70 million. Gross margin held at 52.0% (H1 2025: 51.9%).

Net profit advanced 71.00% to RMB 199.21 million, reflecting higher operating leverage and a 25.30% increase in other income to RMB 49.13 million. Basic earnings per share climbed to RMB 1.73 (H1 2025: RMB 1.26).

Product mix remained MCU-centric: • MCU revenue surged 71.40% to RMB 390.94 million, contributing 69.7% of total. • ASIC sales added 9.70% to RMB 73.33 million. • HVIC sales expanded 43.40% to RMB 61.95 million. • IPM sales declined 7.60% to RMB 32.62 million. Mainland China accounted for RMB 470.09 million, or 83.8% of group revenue; overseas markets delivered RMB 90.82 million.

Operating expenses were tightly managed: • R&D spending increased 6.30% to RMB 75.15 million, representing 13.4% of revenue. • Selling and distribution costs fell 8.70% to RMB 15.54 million. • Administrative expenses rose 21.20% to RMB 26.52 million, partly on higher professional fees.

The tax charge grew to RMB 17.27 million, primarily due to the expiration of a preferential 10% rate at the parent company.

Liquidity remained strong. Cash and cash equivalents almost doubled to RMB 575.36 million, aided by maturities of investment products. The group is debt-free; the debt-to-asset ratio stood at 2.5%. Net assets reached RMB 5.23 billion, up 3.10% from year-end 2025.

Capital expenditure focused on production capacity and a new headquarters building, with outstanding commitments of RMB 348.30 million.

No interim dividend was declared. Management reiterated its strategy of sustained R&D investment, deeper penetration in consumer applications, and accelerated expansion in industrial, automotive and overseas markets.