Yutong Optics Posts First-Half Revenue of RMB 1.782 Billion

On August 28, Yutong Optics released its half-year report. In the first half, the company posted operating revenue of 1.782 billion yuan, up 25.87% year on year; net profit attributable to shareholders of the parent company of 122 million yuan, up 13.65%; and net profit excluding non-recurring items of 106 million yuan, up 3.26%.

However, net cash inflow from operating activities was 143 million yuan, a sharp year-on-year decline of 32.45%; gross margin fell to 20.76%, down 3.94 percentage points year on year, ranking 64th among peer companies that have disclosed results. As of the end of the second quarter, the debt-to-asset ratio stood at 56.10%.

As the industry leader that has ranked first in global security lens shipments for 10 consecutive years, Yutong Optics is actively expanding into new areas such as automotive optics and optical communications. Since entering the automotive segment in 2021, the company has established a full product line covering automotive lenses, HUD optical components, and LiDAR optical elements, while its subsidiary Yutong Jiuzhou has become one of the top three automotive lens suppliers worldwide by shipments.

As of March 2026, the company had an order backlog of about 9.5 million automotive lenses and about 310,000 automotive optical components. Its project to raise up to 890 million yuan through a share issuance to specific investors has been approved, with the proceeds focused on automotive optics and other fields. In optical communications, glass lenses have begun volume shipments, while glass V-grooves, silicon lenses, MT ferrules and other products are still in the sampling stage.