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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.
Huaqin
Huaqin (603296) investor relations material
Huaqin Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
9M 2026 revenue reached RMB 166.01bn, up 28.81% YoY; net income attributable to shareholders was RMB 4.32bn, up 39.53%.
Q3 revenue was RMB 72.29bn, up 60.86% YoY; attributable net income was RMB 1.32bn, up 9.43%.
Financial highlights
9M operating profit was RMB 5.02bn, up 45.50% YoY; total profit was RMB 5.02bn, versus RMB 3.45bn in the prior-year period.
9M adjusted for non-recurring items, attributable net income was RMB 2.86bn, up 15.48% YoY; Q3 adjusted attributable net income was RMB 1.19bn, up 22.39%.
9M net income was RMB 4.52bn versus RMB 3.12bn YoY; operating costs totaled RMB 162.24bn, including R&D expense of RMB 5.66bn.
9M non-recurring gains net of tax and minority interests totaled RMB 1.46bn, including RMB 384.04m in government grants and RMB 1.38bn in financial-asset fair-value and disposal gains.
Segment performance
9M Computing and Data revenue was RMB 82.71bn, up 39.0% YoY; Mobile Terminal revenue was RMB 68.78bn, up 15.6%.
9M AIoT revenue was RMB 9.20bn, up 68.4% YoY; Innovation revenue was RMB 4.12bn, up 119.3%.
Q3 Data business revenue was RMB 22.46bn, up 228% YoY, including RMB 6.19bn from supernode products.
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Latest events from Huaqin
- H1 2024 revenue was RMB 39.40B, with net profit up 0.73% and strong AIoT, server growth.603296
Q2 2024 - Q3 revenue jumped 45% year-over-year, with net profit up 8% and strong asset growth.603296Q3 2024
- Revenue up 28.76% to RMB 109.88B, net profit up 8.10% to RMB 2.93B, dividend proposed.603296Q4 2024
- Revenue up 56% and net profit up 38.6% year-over-year, with robust global business growth.603296Q4 2025
- Revenue up 113%, net profit up 46%, with robust growth in all segments and global expansion.603296Q2 2025
- Revenue up 116% and net profit up 39% year-over-year, led by high-performance computing.603296Q1 2025
- Q3 revenue and profit surged year-over-year, but operating cash flow turned negative.603296Q3 2025
- Q1 revenue rose 16% and net profit surged 26%, with positive operating cash flow.603296Q1 2026
- Net profit rose 58.8% YoY to RMB 3.00 billion on 11.7% revenue growth, with robust AI and data center gains.603296Q2 2026
Next Huaqin earnings date
Q4 202624 Mar, 2027
Huaqin
Next Huaqin earnings date
Q4 202624 Mar, 2027
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