Hygon Information Technology (688041) Q3 2026 earnings summary

Executive summary

• 9M revenue rose 57.58% YoY to RMB 14,954,710,229.13; net profit attributable to shareholders increased 45.12% to RMB 2,846,508,812.66.

• Growth reflected rising domestic demand for high-end chips amid rapid AI industry development and a shift toward market-driven localization; R&D investment continued to expand.

Financial highlights

• Q3 revenue was RMB 5,855,689,454.32, up 45.46% YoY; profit attributable to shareholders was RMB 1,048,040,894.63, up 37.90%.

• 9M total profit was RMB 3,609,412,179.20, up 27.14% YoY; net profit was RMB 3,474,755,395.76 versus RMB 2,840,528,700.64.

• Adjusted to exclude share-based payment impact, 9M net profit attributable to shareholders was RMB 3,585,934,858.98, up 76.90% YoY; adjusted non-GAAP net profit was RMB 3,323,668,062.31, up 76.57%.

• 9M R&D expense reached RMB 4,472,044,952.74, up 52.39% YoY; R&D was 29.90% of revenue, down 1.02 percentage points.

Key financial ratios and metrics

• 9M basic and diluted EPS were RMB 1.23 each, up 44.71% YoY; Q3 EPS was RMB 0.45 each, up 36.36%.

• Weighted average ROE was 11.59% for 9M, an increase of 2.29 percentage points YoY; Q3 ROE was 4.05%.

• Total assets were RMB 40,687,771,489.95 at quarter-end, up 14.17% from year-end 2025; equity attributable to shareholders was RMB 26,423,282,007.15, up 17.47%.