Zhejiang Jingsheng Mechanical & Electrical (300316) investor relations material

Executive summary

• Q3 revenue was RMB1.962bn, down 20.70% YoY; net profit attributable to shareholders was RMB50.3m, down 80.82%.

• 9M revenue fell 34.56% YoY to RMB5.414bn; attributable net profit declined 68.65% to RMB282.5m.

• Semiconductor equipment, materials and SiC substrate activities advanced amid industry growth; SiC substrates reached profitability in Q3.

Financial highlights

• Q3 adjusted for non-recurring items, attributable net profit was RMB25.0m, down 88.58% YoY; 9M adjusted profit was RMB127.3m, down 83.13%.

• 9M basic and diluted EPS were RMB0.22, down 68.12% YoY; Q3 EPS was RMB0.04, down 80.00%.

• 9M operating cash flow rose 352.30% YoY to RMB1.718bn, supported by increased cash receipts from sales of goods and services.

• Total assets were RMB33.010bn at Sep. 30, up 18.93% from year-end 2025; attributable equity was RMB17.128bn, up 0.06%.

Outlook and guidance

• Semiconductor industry demand was described as strengthening on AI computing and new-energy vehicles; the business is pursuing growth and domestic substitution opportunities.

• Domestic SiC substrate capacity expansion and Malaysia factory ramp-up are underway; the domestic project targets annual capacity of 900,000 wafers.

• Uncompleted integrated-circuit and compound-semiconductor equipment contracts exceeded RMB5.6bn, including VAT, as of Sep. 30, 2026.