Yangjie Technology delivered H1 2026 revenue of RMB 4.52 billion ($633M) , up 30.7% year‑on‑year, with net profit rising 28.2% to RMB 770M – driven by broad‑based demand from AI servers, NEVs, ESS, and humanoid robotics, plus strong import substitution momentum.

Segment highlights:

• NEV revenue more than doubled (+100%)

• AI datacenter revenue nearly doubled

• SiC third‑gen semiconductor revenue also nearly doubled

The company holds the #8 position globally in discrete power devices and ranks among China’s top power semi suppliers. It operates a hybrid IDM + Fabless model, covering monocrystalline wafers, chips, packaging, and sales – one of the few domestic players with full‑chain integration.

Key product milestones:

• SiC‑MOS (750‑1700V) platform upgraded to match global leaders; 800V consumer‑grade SiC new products already shipping.

• SiC automotive power modules passed AQG324 reliability certification, ready for OBC and main‑drive applications.

• GaN HEMT for AI server power supplies completed reliability verification – market launch imminent.

• IGBT 8‑inch and 12‑inch lines in volume production; 1700V high‑current modules and ESS‑targeted modules rolling out.

• Next‑gen SGT‑MOS reduces loss by >20% vs. mainstream peers.

R&D intensity reached 6.0% of revenue, with 45 new IP filings. Phase‑7 automotive module fab is topped out, set to relieve high‑end capacity bottlenecks.

The company set up a dedicated AI business unit to customize power solutions for top‑tier compute customers, while also pre‑positioning for low‑altitude economy and embodied robotics with 12‑48V power management devices.

ICgoodFind Takeaway:
Yangjie’s H1 beat reflects the full force of AI/EV/SiC tailwinds. With multiple high‑value product lines accelerating and capacity expansion on track, its import‑substitution runway remains long.