Lingyi iTech (002600) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached RMB 15.52bn, up 11.15% YoY, while net profit attributable to shareholders was RMB 1.15bn, up 14.00% YoY; both rose QoQ.

• 9M revenue increased 8.20% YoY to RMB 40.67bn, while attributable net profit slipped 1.27% to RMB 1.92bn amid higher strategic R&D spending and foreign-exchange volatility.

Financial highlights

• 9M reported gross profit increased 19.26% YoY and gross margin improved 1.70 percentage points, supported by product-mix optimization and technology innovation.

• 9M attributable net profit excluding non-recurring items was RMB 1.45bn, down 3.77% YoY; excluding equity-incentive amortization, it was RMB 1.73bn, down 0.95%.

• 9M net profit attributable to shareholders was RMB 1.92bn versus RMB 1.94bn; basic EPS was RMB 0.26 versus RMB 0.28.

Outlook and guidance

• Q3 growth was supported by a major customer’s next-generation product launches and a shift toward higher-value, technically differentiated products.