Third Quarter Turns From Loss to Profit to 16-Quarter High
Ledlink Optics reported third-quarter consolidated revenue of 4.05 hundred million yuan, up 15% quarter-on-quarter and 21% year-on-year. Benefiting from an optimized product and customer order mix, along with gradually emerging economies of production scale, net profit after tax attributable to the parent company was 1857 ten-thousand yuan and EPS after tax was 0.34 yuan, both turning from loss to profit year-on-year and hitting a nearly 16-quarter high. Cumulative consolidated revenue for the first three quarters of 2026 was 10.63 hundred million yuan, up 10% year-on-year, with EPS after tax of 0.16 yuan, with cumulative operations turning from loss to profit, showing that the adjustment of its operating structure has driven improved performance.
Automotive Lighting Accounts for 44% as Gross Margin Rebounds to 31%
The third-quarter profit improvement benefited from multiple new automotive lighting projects entering volume production, driving sales in the segment to a record quarterly high, accounting for 44% of total revenue. An increased share of headlamp applications shifted the product mix toward higher value-added applications, while shipments of AI Server precision structural parts warmed up, demonstrating economies of production scale. Third-quarter gross margin, operating margin and net profit margin attributable to the parent company rose to 31%, 6% and 5% respectively, with quarterly gross margin returning above 30%, showing a clear improvement in operating fundamentals.
October Revenue Hits Another Monthly High
Ledlink's October 2026 consolidated revenue was 1.43 hundred million yuan, up 1.40% month-on-month and 22.71% year-on-year, hitting another record monthly high. Cumulative consolidated revenue from January to October 2026 was 12.06 hundred million yuan, up 11.50% year-on-year, a record high for the same period. The company noted that overall operations continued to benefit from expanded mass-production scale of new automotive lighting projects, along with continued shipment momentum for AI Server precision structural parts, helping to sustain economies of production scale and keeping overall operations on a growth track.
Capturing High-End Optical Opportunities in Smart Vehicle Lighting
Global automotive lighting continues to develop toward intelligence and higher efficiency, with MicroLED and high-resolution headlamps imposing much higher precision requirements on optical lenses. International headlamp makers are actively introducing MicroLED headlamps of 2.5 ten-thousand pixels and above, enabling a single module to perform adaptive high beam, road projection and dynamic beam patterns, requiring higher beam collimation, light-concentration efficiency, projection accuracy and thermal deformation control than conventional LED headlamps, driving market demand for high-precision aspheric lenses, light-guide components and composite optical modules. In addition, as headlamps become thinner, lighter and require smaller installation space, lenses must maintain luminous efficiency and uniformity while shrinking in size, helping to increase the technological value-added and per-vehicle value of high-end headlamp modules. The company will continue to leverage its advantages in optical design, precision mold development and mass-production manufacturing to capture demand for high-end optical components brought by smart headlamp technology upgrades, creating medium- to long-term growth opportunities in automotive lighting.