Raycus H1 profit doubles on strong laser demand and margin gains
First-half profit more than doubles Raycus reported first-half 2026 revenue of 1.91 billion yuan, up 14.75%, and net profit of 159 million yuan, up 117.53%. The company said stronger laser demand, higher gross margins and lower impairment losses drove the gain. This tells investors the business is selling more and keeping more profit from each sale.
The profit surge is the core new fundamental fact driving the stock.
Second-quarter profit jumped from first quarter Second-quarter net profit was 117 million yuan versus 42 million yuan in the first quarter, a 180% sequential rise. That shows the profit growth is accelerating, not just a one-off from a weak year-ago period, which supports a higher value for the shares.
It shows the improvement is speeding up, a key reason the stock can keep rising.
Balance sheet and cash flow strengthen Operating cash inflow was 314 million yuan, the debt-to-asset ratio fell to 33.37%, gross margin rose to 24.78%, and return on equity was 4.49%. Lower debt and better cash generation reduce financial risk and make the profit growth look more durable to investors.
It confirms the profit is backed by real cash and a safer balance sheet.
