Hangzhou First Applied Material (603806) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 4.69% YoY to RMB3.65bn, while net income attributable to shareholders rose 50.57% to RMB288.9m; 9M profit growth reflected higher profitability across photovoltaic materials, dry film and aluminum-plastic film.

• 9M revenue declined 9.76% YoY to RMB10.64bn, while attributable net income increased 64.50% to RMB1.13bn.

Financial highlights

• Q3 total profit was RMB327.6m; attributable net income was RMB288.9m, up 50.57% YoY, and adjusted net income was RMB252.2m, up 39.18%.

• 9M total profit reached RMB1.30bn, up 71.23% YoY; adjusted attributable net income was RMB981.9m, up 55.84%.

• 9M operating profit was RMB1.30bn versus RMB773.2m a year earlier; net income was RMB1.13bn versus RMB667.8m.

Segment performance

• Higher profitability in photovoltaic materials, photosensitive dry film and aluminum-plastic film was cited as the main driver of profit growth.