Business
Joyson Electronics Announces Q1 2026 Results: Strong Orders of RMB 27.5 billion, Net Profit Attributable to Shareholders up Nearly 20% YoY
Joyson Electronics (699.HK) announced financial results for Q1 2026 on April 27. Revenue for the period reached approximately RMB 13.8 billion, profit attributable to shareholders was approximately RMB 400 million, up around 18.1% YoY. Fresh orders reached RMB 27.5 billion, significantly outperforming RMB 15.7 billion in the same period last year.
About this update from Ningbo Joyson Electronic Corp. Class A
[{"type":"text","content":"HONG KONG and NINGBO, China, April 27, 2026 /PRNewswire/ -- Joyson Electronics (699.HK) announced financial results for Q1 2026 on April 27. Revenue for the period reached approximately RMB 13.8 billion, profit attributable to shareholders was approximately RMB 400 million, up around 18.1% YoY. Fresh orders reached RMB 27.5 billion, significantly outperforming RMB 15.7 billion in the same period last year.","length":414,"tagName":"p"},{"type":"text","content":"Joyson noted that the improvement in profitability was primarily driven by optimized global resource allocation and ongoing gains from supply chain localization, alongside benefits from a more differentiated cost structure. These initiatives have supported a multi-quarter uptrend in overall margins.","length":300,"tagName":"p"},{"type":"text","content":"During the period, the overall gross margin remains relatively stable year-on-year. Net cash generated from operating activities was approximately RMB 910 million, up about 5.5% year-on-year, reflecting continued improvement in operating quality.","length":246,"tagName":"p"},{"type":"text","content":"According to the report, Joyson Electronics booked new global orders with a total life‑cycle value of about RMB 27.5 billion in Q1 2026. The Company won intelligent driving solution projects from a Chinese brand and a joint‑venture brand and achieved a smart cockpit nomination for the overseas lineup of a leading new automotive force.","length":336,"tagName":"p"},{"type":"text","content":"With advanced intelligent products gaining penetration, and several high‑quality orders entering production in 2H 2026, intelligent driving is expected to emerge as a new growth engine.","length":185,"tagName":"p"},{"type":"text","content":"During this quarter, R&D expenses amounted to approximately RMB 839 million. Joyson said it will continue to step up R&D investment, with a focus on frontier technologies for intelligent electrified vehicles—such as autonomous driving—as well as next-generation agents, and server power solutions, while accelerating the conversion and rollout of orders from key customers.","length":381,"tagName":"p"},{"type":"text","content":"Guided by its "multi-chip platform + ecosystem collaboration" technology roadmap, Joyson Electronics is advancing deep integration across cockpit, connectivity an...