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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Avary Holding
Avary Holding (002938) investor relations material
Avary Holding Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 revenue rose 14.21% YoY to ¥11.97B; attributable net income was ¥1.16B, down 0.87%, while adjusted net income increased 10.56% to ¥1.21B.
YTD revenue rose 8.68% to ¥29.19B and attributable net income increased 1.68% to ¥2.45B; operating cash flow grew 34.03% to ¥5.71B.
Financial highlights
YTD gross revenue was ¥29.19B versus ¥26.86B; net income attributable to shareholders was ¥2.45B versus ¥2.41B.
YTD adjusted net income was ¥2.10B, down 6.26% YoY; reported attributable net income was up 1.68%.
Q3 basic EPS was ¥0.50, down 1.96% YoY; YTD basic EPS was ¥1.06, up 1.92%.
YTD non-recurring gains totaled ¥343.7M, including ¥320.5M from financial-asset fair-value changes; Q3 non-recurring items were a net loss of ¥47.7M.
Outlook and guidance
Orders on hand increased, raising contract performance obligations; inventory was built ahead of the peak season.
¥7.0B in capital injections for India via Singapore and NT$2.0B for the technology subsidiary remained in progress; Thailand subsidiary funding was completed in July 2026.
Proposed A-share issuance to specific investors remained under Shenzhen Stock Exchange review, with exchange approval and China Securities Regulatory Commission registration still required.
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Latest events from Avary Holding
- Revenue up 11.4% and net profit up 3.25%, led by AI server and automotive PCB growth.002938
Q4 2025 - AI server and optical module growth drove higher revenue, margin, and major capacity expansion.002938Q2 2026
- Q1 2026 saw lower revenue and profit but higher operating cash flow and increased investment.002938Q1 2026
- Nine-month revenue and net profit rose strongly year-over-year, with higher inventory and investments.002938Q3 2025
- Net profit jumped 57.22% year-over-year on strong AI and electronics demand, with robust global expansion.002938Q2 2025
- Q3 revenue and profit rose over 15% year-over-year, with strong R&D and strategic investments.002938Q3 2024
- Revenue up 13.79% to ¥13.13B, net profit ¥784M, strong AI/consumer PCB growth.002938Q2 2024
- Revenue up 20.94% year-over-year, but net profit declined 1.83% in Q1 2025.002938Q1 2025
- Revenue and profit rose double digits year-over-year amid sector recovery and AI momentum.002938Q4 2024
Next Avary Holding earnings date
Q4 202631 Mar, 2027
Avary Holding
Next Avary Holding earnings date
Q4 202631 Mar, 2027
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Frequently asked questions
Avary Holding Co., Limited specializes in the design, development, and manufacturing of printed circuit boards (PCBs). The company’s product portfolio includes multi-layer PCBs, high-density interconnect (HDI) boards, and rigid-flex PCBs used in a wide range of applications such as consumer electronics, telecommunications, automotive, and industrial equipment. The company is headquartered in Shenzhen, China, and its shares are listed on the HKEX.