Range Intelligent Computing Technology Group Company (300442) Q3 2026 earnings summary

Executive summary

• 9M revenue rose 42.45% YoY as AIDC computing-power operations expanded; attributable net income fell 61.68%, mainly reflecting prior-year REIT disposal gains.

• 9M operating cash flow increased 63.10% YoY, while investment spending and financing both rose substantially to support capacity expansion.

Financial highlights

• Q3 revenue was RMB 1.920bn, up 29.64% YoY; 9M revenue was RMB 5.666bn, up 42.45%.

• Q3 attributable net income was RMB 599.1mn, down 84.32% YoY; 9M was RMB 1.803bn, down 61.68%.

• Adjusted for non-recurring items, Q3 attributable net income was RMB 592.7mn, up 24.88% YoY; 9M was RMB 1.799bn, up 32.97%.

• 9M investment income was RMB 23.1mn versus RMB 3.759bn a year earlier; the prior-year period included REIT-related equity disposal gains, reducing current-period comparison by RMB 3.736bn.

Segment performance

• AIDC computing-power business expansion drove 9M revenue growth; operating costs rose 47.34% YoY to RMB 3.041bn alongside business scale.