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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.
Hangzhou First Applied Material
Hangzhou First Applied Material (603806) investor relations material
Hangzhou First Applied Material Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary26 Oct, 2026
Executive summary
Q3 revenue fell 4.69% YoY to RMB3.65bn, while net income attributable to shareholders rose 50.57% to RMB288.9m; 9M profit growth reflected higher profitability across photovoltaic materials, dry film and aluminum-plastic film.
9M revenue declined 9.76% YoY to RMB10.64bn, while attributable net income increased 64.50% to RMB1.13bn.
Financial highlights
Q3 total profit was RMB327.6m; attributable net income was RMB288.9m, up 50.57% YoY, and adjusted net income was RMB252.2m, up 39.18%.
9M total profit reached RMB1.30bn, up 71.23% YoY; adjusted attributable net income was RMB981.9m, up 55.84%.
9M operating profit was RMB1.30bn versus RMB773.2m a year earlier; net income was RMB1.13bn versus RMB667.8m.
Segment performance
Higher profitability in photovoltaic materials, photosensitive dry film and aluminum-plastic film was cited as the main driver of profit growth.
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Latest events from Hangzhou First Applied Material
- Net profit jumped 69.9% YoY to ¥842 million despite a 12.2% revenue drop.603806
Q2 2026 - Q1 2026 saw revenue and profit decline, mainly due to increased credit impairment losses.603806Q1 2026
- Despite a challenging PV market, profitability and global PV film leadership were maintained.603806H2 2025
- Revenue and profit dropped over 40% year-over-year amid margin pressure in photovoltaic films.603806Q3 2025
- Revenue and profit fell sharply in Q1 2025 as photovoltaic film prices declined significantly.603806Q1 2025
- Revenue and profit fell sharply amid PV price declines, but electronic materials and overseas expansion grew.603806H1 2025
- Revenue and profit fell significantly in Q3 2024 amid price and margin pressures.603806Q3 2024
- Net profit up 4.95% YoY to RMB 928M, with strong growth in electronic materials.603806H1 2024
- Net profit fell 29.33% on lower PV product prices, but global market share in PV films rose.603806H2 2024
Next Hangzhou First Applied Material earnings date
Q4 202616 Apr, 2027
Hangzhou First Applied Material
Next Hangzhou First Applied Material earnings date
Q4 202616 Apr, 2027
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