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Winner, Winner: The Chicken McNugget Story
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Western Superconducting Technologies
Western Superconducting Technologies (688122) investor relations material
Western Superconducting Technologies Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
9M revenue fell 2.87% YoY to RMB 3.874bn; attributable net profit declined 59.62% to RMB 262.3m.
Q3 attributable net loss was RMB 83.0m, while adjusted attributable net profit was RMB 45.7m; lower fair-value gains and weaker product margins weighed on results.
Financial highlights
Q3 revenue was RMB 1.263bn, down 0.28% YoY; 9M revenue was RMB 3.874bn, down 2.87%.
9M total profit was RMB 390.3m, down 52.76%; attributable net profit was RMB 262.3m, down 59.62%, and adjusted attributable net profit was RMB 201.5m, down 65.76%.
9M net profit was RMB 355.4m, versus RMB 737.2m a year earlier; basic and diluted EPS were RMB 0.40, versus RMB 1.00.
Key financial ratios and metrics
Weighted average ROE was -1.16% in Q3, down 2.67 percentage points YoY; 9M ROE was 3.66%, down 5.80 percentage points.
9M R&D spending was RMB 373.7m, up 43.82% YoY; R&D was 9.65% of revenue, up 3.14 percentage points.
Total assets at Sept. 30 were RMB 16.335bn, up 8.26% from year-end; parent equity was RMB 7.020bn, down 1.52%.
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Latest events from Western Superconducting Technologies
- H1 2026 revenue and profit declined sharply on margin pressure, but R&D and strategic expansion continued.688122
H1 2026 - Net profit plunged 74% in Q1 2026 as sales prices and subsidies declined.688122Q1 2026
- Revenue up 13.29% and net profit up 4.81%, led by superconducting and superalloy growth.688122H2 2025
- Q3 profit dropped 59% on higher R&D costs, despite 4% revenue growth year-over-year.688122Q3 2025
- H1 2025 revenue up 34.76%, net profit up 56.72%, with robust growth across all segments.688122H1 2025
- Revenue and net profit rose sharply year-over-year, but operating cash flow dropped significantly.688122Q1 2025
- Q3 net profit jumped 58% year-over-year on strong revenue and government subsidies.688122Q3 2024
- H1 2024 net profit fell 17.24% as revenue declined and R&D investment surged.688122H1 2024
- Double-digit revenue growth and higher net profit reflect strong market and operational gains.688122H2 2024
Next Western Superconducting Technologies earnings date
H2 202623 Apr, 2027
Western Superconducting Technologies
Next Western Superconducting Technologies earnings date
H2 202623 Apr, 2027
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Frequently asked questions
Western Superconducting Technologies Co Ltd is a materials technology company engaged in the development, production, and sale of high-performance metallic materials. Its main products include titanium alloys, superconducting materials, and high-temperature alloys used in industries such as aerospace, energy, medical devices, and electronics. The company provides integrated manufacturing processes including melting, forging, and precision machining. The company is headquartered in Xi’an, China, and its shares are listed on the SSE STAR Market.