Shengyi Technology (600183) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached RMB 14.18bn, up 78.76% YoY; attributable net income was RMB 3.44bn, up 238.40% YoY.

• 9M revenue was RMB 33.21bn, up 61.10%; attributable net income rose 175.36% to RMB 6.73bn, with operating cash flow up 90.99% to RMB 6.07bn.

Financial highlights

• Q3 total profit rose 206.97% YoY to RMB 4.27bn; 9M total profit increased 162.75% to RMB 8.49bn.

• Q3 adjusted attributable net income was RMB 3.47bn, up 246.70% YoY; 9M adjusted attributable net income was RMB 6.38bn, up 168.10%.

• 9M consolidated net income was RMB 7.47bn, including RMB 6.73bn attributable to parent shareholders and RMB 744.5m to minority shareholders.

Segment performance

• Copper-clad laminate growth reflected higher sales volumes, early R&D products reaching market, timely capacity expansion and a more favorable sales mix; high-end demand remained strong despite rapid raw-material price increases.

• The PCB business benefited from strong AI-computing demand, capacity releases, technology upgrades and quality controls; high-value-added products gained share, supporting 9M revenue and net profit growth.