Tengjing Technology Projects H1 2026 Net Profit Growth of Up to 42%
Tengjing Technology released its financial forecast for the first half of 2026, projecting a net profit of 48 million to 52 million RMB, representing a year-on-year increase of 31.19% to 42.12%. The company's total revenue is also expected to grow by 52.16% to 71.18%, reaching 400 million to 450 million RMB. The growth is driven by the rapid expansion of AI computing infrastructure, which has significantly boosted demand for high-speed optical modules and optical communication components. This highlights the strong spillover effect of the AI boom on hardware and component manufacturers. The performance boost is specifically attributed to accelerated deliveries of passive components for data center optical modules, yttrium orthovanadate (YVO4) crystals for Optical Circuit Switches (OCS), and optical modules for semiconductor equipment. Excluding a 25.34 million RMB share-based payment expense, the adjusted net profit would have grown by up to 100.77%.
## BACKGROUND
Optical Circuit Switches (OCS) route optical signals directly using physical components without converting them to electrical signals, reducing latency and power consumption in modern data centers. Yttrium orthovanadate (YVO4) is a birefringent crystal widely used in optical polarization devices and laser technology due to its excellent optical properties.