Shenzhen Kinwong Electronic (603228) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 66.06% YoY to RMB 6.621bn; profit attributable to shareholders increased 239.67% to RMB 1.014bn.

• 9M revenue rose 37.45% YoY to RMB 15.233bn and attributable net profit rose 70.42% to RMB 1.616bn.

Financial highlights

• Q3 total profit reached RMB 1.194bn, up 214.24% YoY; 9M total profit was RMB 1.890bn, up 68.10%.

• Q3 adjusted net profit, excluding non-recurring items, was RMB 1.042bn, up 337.47%; 9M adjusted net profit was RMB 1.507bn, up 94.38%.

• 9M operating cash flow was RMB 1.218bn, down 20.27% YoY.

Segment performance

• High-performance PCB revenue grew in high-speed communications and AI data infrastructure, supported by increased sales, higher selling prices and an improving order mix.