SG Micro (300661) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 74.05% YoY to RMB1.709bn; attributable net income increased 123.75% to RMB318.6m.

• YTD revenue grew 53.69% to RMB4.304bn and attributable net income rose 115.28% to RMB738.9m.

Financial highlights

• Q3 adjusted attributable net income, excluding non-recurring items, was RMB297.3m, up 207.65% YoY; YTD was RMB653.0m, up 182.58%.

• YTD total net income was RMB745.0m; operating cash flow reached RMB792.4m, up 158.98% YoY.

• YTD other gains included RMB35.7m in government grants and RMB48.4m in fair-value changes; total non-recurring gains net of tax were RMB85.9m.

• YTD inventory impairment loss was RMB164.8m, versus RMB124.5m in the prior-year period.

Key financial ratios and metrics

• Q3 basic and diluted EPS were RMB0.4666 and RMB0.4599, up 102.52% and 101.80% YoY; YTD EPS was RMB1.1524 and RMB1.1327, up 107.12% and 105.87%.

• YTD weighted average return on equity was 10.24%, up 3.09 percentage points YoY.

• Total assets were RMB12.925bn, up 85.86% from year-end; equity attributable to shareholders was RMB10.850bn, up 104.93%.