Haoyang Electronic Posts Strong First-Half Results: Revenue and Profit Both Climb, Operating Cash Flow Surges 168%

Deep News
Aug 27

Guangzhou Haoyang Electronic Co.,Ltd. (300833) released its 2026 semi-annual report on the evening of August 27. Against a backdrop of persistently robust global demand for stage entertainment lighting equipment, the company achieved revenue of RMB 583 million in the first half, up 11.76% year-on-year.

Net profit attributable to shareholders of the listed company reached RMB 90.36 million, a year-on-year increase of 16.22%, while non-GAAP net profit rose 18.81% to RMB 86.44 million. Net cash flow generated from operating activities amounted to RMB 134 million, a substantial 168.85% jump from the prior year, underscoring a marked improvement in earnings quality.

Recognized as a key national cultural export enterprise and a Ministry of Industry and Information Technology-designated manufacturing single champion demonstration company, Guangzhou Haoyang Electronic Co.,Ltd. specializes in stage and entertainment lighting equipment, with its products featured in top-tier domestic and international events such as the Olympic Games, the World Cup, and CCTV's Spring Festival Gala.

During the reporting period, the company's core product line, stage entertainment lighting equipment, generated revenue of RMB 536 million, up 13.08% year-on-year, with a gross margin of 58.21%, an improvement of 6.26 percentage points, reflecting growing product competitiveness. Overseas sales reached RMB 549 million, up 12.40% year-on-year, with a gross margin of 59.04%, highlighting the successful expansion of international markets.

The company continues to strengthen its technological R&D capabilities, having added 81 newly authorized patents during the reporting period, including 25 invention patents both domestically and internationally. As of the end of the reporting period, Guangzhou Haoyang Electronic Co.,Ltd. has established a comprehensive core technology system covering color management systems, internal circulation heat dissipation systems, and high-precision rotational positioning systems, which are now mass-applied across multiple product lines, including stage lighting and intelligent lighting, further solidifying its technological moat.

In terms of production capacity, the company is steadily advancing the construction of its investment projects, including the upgrade and expansion of stage lighting equipment production bases, R&D center enhancements, and the upgrade of domestic marketing and product display platforms, laying a solid foundation for medium- and long-term development.

Looking ahead, the company stated it will continue to focus on the professional stage lighting and intelligent lighting sectors, deepen its global expansion strategy, and drive high-quality corporate development through technological innovation.

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