Shanghai Longcheer Technology (603341) Q3 2026 earnings summary

Executive summary

• 9M revenue was RMB 32.59bn, up 4.02% YoY; net income attributable to shareholders was RMB 423.9m, down 16.44%. Q3 revenue rose 21.94% to RMB 13.93bn and net income rose 17.37% to RMB 178.0m.

• Q3 growth reflected higher revenue across smartphones, tablets and AIoT, alongside rapid AI PC ramp-up and robot data-collection device shipments.

Financial highlights

• 9M adjusted net income, excluding non-recurring items, was RMB 6.3m, down 97.66% YoY; Q3 adjusted net income was RMB 107.2m, up 15.99%.

• 9M non-recurring gains totaled RMB 417.5m, including RMB 156.9m in government grants and RMB 334.1m in fair-value and financial-asset disposal gains.

• 9M total profit was RMB 396.5m, down 27.89%; net income was RMB 434.7m versus RMB 514.5m a year earlier.

Segment performance

• Q3 smartphone revenue was RMB 8.64bn, up 12.40% YoY; higher product-tier mix helped mitigate industry changes, while new phone formats broadened the portfolio.

• Q3 tablet revenue was RMB 1.87bn, up 71.82% YoY; increased investment in key supply-chain capabilities supported competitiveness.

• Q3 AIoT revenue was RMB 3.22bn, up 41.14% YoY; wearable products won core projects and AI Pin programs with leading domestic customers.

• Smart glasses entered leading domestic and international brand supply chains; next-generation SiP adaptation advanced, with the Shanghai factory passing reliability validation.

• AI PC entered rapid volume growth in Q3, and robot data-collection devices began mass shipments.