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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.
SICC
SICC (688234) investor relations material
SICC Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary20 Oct, 2026
Executive summary
Q3 revenue reached RMB645.6m, up 102.89% YoY; gross margin was 27.46%, and attributable net income was RMB85.8m as operations returned to profitability.
9M revenue rose 40.22% YoY to RMB1.559bn; attributable net income was RMB27.2m versus RMB1.1m a year earlier.
Financial highlights
9M total profit was RMB40.3m versus RMB4.8m a year earlier; operating profit was RMB39.7m versus RMB4.1m.
9M net income attributable to shareholders was RMB27.2m; adjusted for non-recurring items, it was RMB8.8m, with non-recurring gains of RMB18.4m.
9M operating cash flow was RMB89.0m, up 26.52% YoY.
Outlook and guidance
Plans focus on strengthening technology reserves and expanding capacity to capture industry growth and support steady operating performance.
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Latest events from SICC
- Revenue up 15.1% YoY, but net loss reached RMB -58.62 million; Q2 set new revenue record.688234
Q2 2026 - Q1 2026 saw a sharp revenue drop and net loss amid price declines and higher costs.688234Q1 2026
- Revenue dropped 17% and net loss reached RMB 208 million, but global SiC leadership and R&D advances continued.688234Q4 2025
- Revenue and profit sharply declined amid price competition, but equity rose after H-share issuance.688234Q3 2025
- H1 2025 saw sharp profit decline amid price pressure, but global expansion and 12-inch SiC launch advanced.688234Q2 2025
- YTD revenue rose 55.3% and net profit soared, driven by large-size conductive product sales.688234Q3 2024
- Revenue doubled and net profit turned positive as SiC substrate sales and capacity soared.688234Q2 2024
- Strong revenue growth and profit turnaround achieved, reversing last year's loss.688234Q4 2024
- Net profit plunged 81.52% in Q1 2025 as R&D and management costs surged.688234Q1 2025
Next SICC earnings date
Q4 202626 Mar, 2027
SICC
Next SICC earnings date
Q4 202626 Mar, 2027
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Frequently asked questions
SICC Co Ltd is a Chinese manufacturer specializing in silicon carbide (SiC) substrates and related semiconductor materials. Its products are critical for high-performance power electronics used in electric vehicles, renewable energy systems, and industrial applications. The company’s core offerings include SiC wafers, ingots, and epitaxial wafers. It is headquartered in Jinan, China, and its shares are listed on the SSE STAR Market.