GalaxyCore (688728) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 21.81% YoY to RMB 2.541bn; higher high-pixel chip shipments lifted revenue, gross profit and net income.

• 9M operating cash flow increased 116.57% YoY to RMB 2.100bn, supported by sales collections and a higher share of in-house wafer-fab production.

Financial highlights

• Q3 net income attributable to shareholders was RMB 109.8m, up 437.67% YoY; adjusted net income was RMB 91.8m, up 989.35%.

• 9M revenue was RMB 6.694bn, up 16.97%; attributable net income was RMB 117.1m, up 133.41%, while adjusted net income was RMB 60.7m.

• 9M profit before tax was RMB 58.5m; income tax expense was negative RMB 58.6m, contributing to net income of RMB 117.1m.

• 9M non-recurring gains totaled RMB 56.5m, including RMB 48.8m in government grants; Q3 non-recurring gains totaled RMB 18.0m.

Segment performance

• Higher shipments of high-pixel chip products drove revenue, gross profit and net income growth; increased in-house wafer-fab production also reduced procurement cash outflows.