Gasgoo Munich- ZeJing (Stock Code: 02632.HK) has released its interim results for the first half of 2026. During the period, ZeJing generated 328 million yuan in revenue — a 2.1% year-on-year increase — while total assets surged 66.97% from the end of 2025 to reach 1.327 billion yuan.
In its core business, ZeJing sold nearly 400,000 HUD units in the first half, up 2.7% from a year ago. AR-HUDs were the standout performer, with cumulative sales hitting 180,000 units — a 127.8% leap that far outpaced the domestic market's 48.4% growth rate. Meanwhile, sales of HUD-equipped models for export climbed 18.3%, marking steady progress in its overseas push.
ZeJing also saw rapid growth in its testing solutions business, with first-half revenue jumping 83.9% to 16.4 million yuan. On the customer front, the company now partners with 24 automakers across 115 designated models, including new launches from brands like AISTALAND and GAC Aion HYPTEC.
Image source: ZeJing
R&D spending reached 29.42 million yuan in the first half, accounting for 8.96% of revenue, as ZeJing expands its product lineup. New for 2026 are HUD4.0, HUD5.0, continuous-focus HUDs, LCoS AR-HUDs, RISD 3D floating displays, and 3D HUDs. Notably, the HUD5.0 delivers 152 pixels per degree of angular resolution based on 2K definition, while the continuous-focus HUD uses variable virtual image distance to reduce dizziness caused by the vergence-accommodation conflict common in traditional systems.
On the development front, ZeJing has moved its next-generation Cyber Lens flagship onto a mass-production track. Dual-focal plane and continuous-focus AR HUDs are advancing toward production, while oblique projection HUDs and transparent display technology have cleared lab verification. Additionally, the company has secured new designated projects as a strategic automotive optics partner for a leading global tech firm.
