On August 17, Conant Optics unveiled its interim performance report for 2026. In the first half of the year, the company posted revenue of RMB 1.167 billion, marking a 7.6% year-on-year surge. The adjusted net profit attributable to the parent company soared to RMB 346 million, representing a 27.6% year-on-year hike. Meanwhile, the net profit attributable to the parent company reached RMB 301 million, up by 10.4% from the same period last year.

In terms of profitability, the gross profit margin expanded by 1.9 percentage points year-on-year to 42.9%. The core operating profit margin also saw a notable increase, rising by 2.3 percentage points year-on-year to 29.7%, while the period expense ratio continued to improve, reaching 13.2%. At the end of the period, the net cash position stood at RMB 873 million, reflecting a 52.9% quarter-on-quarter growth.

The company's business structure transformation has yielded remarkable outcomes. Revenue from the proprietary brand business climbed 17% year-on-year to RMB 789 million, with its contribution to total revenue rising to 68%. Geographically, the Americas market witnessed a significant revenue surge of 33.9% year-on-year, while the Chinese mainland market also experienced a robust 14.1% growth.

The XR (smart glasses) business emerged as the standout performer, with first-half revenue hitting approximately RMB 50.5 million. This represents a staggering 1,475.3% year-on-year increase and an 89% sequential rise. The company revealed that mass production projects for multiple clients are progressing seamlessly, with a major AR smart glasses project, developed in collaboration with a leading global technology firm, slated for mass production in the fourth quarter of 2026.

Notably, on August 6, the company announced its intention to register and issue medium-term notes for technological innovation, with a total amount not exceeding RMB 500 million. These funds will be earmarked specifically for technological innovation projects, R&D investment, and industrial mergers and acquisitions. Analysts have pointed out that as the XR business transitions from the validation phase to accelerated scaling, Conant Optics is poised to further cement its first-mover advantage in the optical segment of the smart glasses market.