Nexchip Semiconductor (688249) Q3 2026 earnings summary

Executive summary

• Q3 revenue increased 14.42% YoY to RMB 3.354B; profit growth was affected by investment fair-value and FX losses. Excluding those items, Q3 total profit grew 135.58% YoY.

• 9M revenue rose 14.52% YoY to RMB 9.310B, while operating cash flow increased 76.53% to RMB 4.721B.

Financial highlights

• Q3 total profit was RMB 209.8M, up 28.33% YoY; net income attributable to shareholders was RMB 229.4M, up 5.23%.

• Q3 adjusted net income attributable to shareholders was RMB 191.3M, up 697.53% YoY; 9M adjusted net income was RMB 322.0M, up 41.32%.

• 9M total profit was RMB 445.4M, up 12.61% YoY; net income attributable to shareholders was RMB 474.8M, down 13.70%.

• 9M basic EPS was RMB 0.24, down 14.29% YoY; Q3 basic EPS was RMB 0.11.

Key financial ratios and metrics

• 9M R&D spending reached RMB 1.178B, up 9.19% YoY; R&D was 12.65% of revenue, down 0.62 percentage points.

• Weighted average ROE was 0.85% for Q3 and 2.01% for 9M, down 0.18 and 0.59 percentage points, respectively.

• Total assets were RMB 65.707B at quarter-end, up 23.28% from year-end 2025; parent shareholders’ equity was RMB 28.878B, up 32.66%.