Hoshine Silicon Industry (603260) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 4.557bn, down 16.09% YoY; attributable net income rose 45.36% to RMB 110.0m and total profit rose 1,374.33% to RMB 211.8m.

• Q3 earnings improved with higher organic-silicon selling prices, cost reduction and higher industrial-silicon output lowering unit costs; industrial-silicon hedging weighed on adjusted earnings.

• 9M revenue was RMB 14.717bn, down 3.21% YoY, while attributable net income was RMB 434.5m versus a year-earlier loss of RMB 321.4m.

Financial highlights

• Q3 attributable net income was RMB 110.0m, up 45.36% YoY; adjusted attributable net income was RMB 79.3m, down 69.74%.

• Q3 basic and diluted EPS were both RMB 0.09, up 56.36% YoY; 9M EPS was RMB 0.37 versus a loss of RMB 0.27 a year earlier.

• 9M operating profit was RMB 857.0m versus a RMB 268.8m loss; net income was RMB 421.5m versus a RMB 340.3m loss.

• 9M attributable net income was RMB 434.5m; adjusted attributable net income was RMB 49.1m.

Segment performance

• Higher organic-silicon product selling prices and increased industrial-silicon output, alongside cost-reduction measures, supported Q3 profitability and lowered industrial-silicon costs.