Zhitong Finance App News, Communication Holdings (688036.SH) announced that the company expects to achieve net profit of about 1,756 million yuan in the first half of 2026, an increase of about 544 million yuan over the same period last year, and an increase of about 44.82% over the previous year.

In the first half of 2026, as storage prices continued to grow, the company adjusted product prices according to cost changes and market competition strategies. The company priced products according to storage increases, and the average sales price of the company's smartphone products increased a lot. Therefore, while the company's smartphone sales volume declined year-on-year, the company's revenue increased. However, the cost side is affected by historical inventory, and the cost increase is slightly delayed, resulting in an increase in gross margin.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.