Anji Microelectronics Technology (Shanghai) (688019) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 38.39% YoY and 9M revenue rose 35.45%; growth was attributed to product development, market expansion, customer collaboration and matching customer ramp schedules.

• Q3 attributable net income increased 261.86% YoY; substantial fair-value gains on financial assets amplified earnings growth beyond adjusted profit growth.

Financial highlights

• Q3 revenue was RMB 928.1m, up 38.39% YoY; 9M revenue was RMB 2,454.5m, up 35.45%.

• Q3 profit before tax was RMB 961.8m, up 283.95%; 9M profit before tax was RMB 1,552.5m, up 136.70%.

• Q3 attributable net income was RMB 842.0m, up 261.86%; 9M attributable net income was RMB 1,373.8m, up 125.83%.

• Adjusted for non-recurring items, attributable net income was RMB 301.6m in Q3, up 66.84%, and RMB 727.3m for 9M, up 35.32%.

• 9M operating cash flow was RMB 616.2m, up 123.82% YoY; prior-year cash flow was lower following strategic raw-material stockpiling.

Key financial ratios and metrics

• Q3 basic and diluted EPS were RMB 3.69; 9M basic EPS was RMB 6.11, up 119.00%, and diluted EPS was RMB 6.04, up 122.88%.

• Weighted-average ROE was 15.85% for Q3 and 28.67% for 9M, increasing 8.57 and 8.47 percentage points YoY, respectively.

• R&D expense was RMB 135.1m in Q3 and RMB 381.4m for 9M; R&D was 14.56% and 15.54% of revenue, down 4.48 and 1.92 percentage points, respectively.

• 9M revenue was RMB 2,454.5m and operating costs were RMB 1,661.3m; reported net income was RMB 1,373.5m.