Arctech Solar (688408) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 78.77% YoY to RMB 2.397bn; attributable net income was RMB 13.96m, versus a nine-month attributable net loss of RMB 189.88m.

• 9M revenue was RMB 5.309bn, down 1.28% YoY; higher competition, overseas logistics costs and FX impacts weighed on profitability.

Financial highlights

• 9M operating loss was RMB 207.95m, total loss RMB 210.03m and attributable net loss RMB 189.88m; reported 9M basic and diluted EPS were both -RMB 0.88.

• 9M adjusted attributable net loss, excluding non-recurring items, was RMB 205.85m; Q3 adjusted attributable net income was RMB 5.29m.

• 9M operating cash flow was negative RMB 248.69m, improving from negative RMB 1.014bn in the prior-year period.

Outlook and guidance

• Period-end orders totaled ~RMB 7.2bn, including ~RMB 6.2bn in tracking systems and ~RMB 1.0bn in other products; orders are not an earnings commitment and revenue depends on delivery and recognition.