SUPCON Technology (688777) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 2.57% YoY to RMB 1.871bn, but attributable net loss was RMB 9.48m; 9M revenue fell 2.62% to RMB 5.506bn and attributable net profit declined 66.26% to RMB 145.61m.

• 9M industrial AI revenue reached RMB 619.37m as the business scaled; the 9M financial statements were unaudited.

Financial highlights

• Q3 total profit was a RMB 4.06m loss and attributable net loss was RMB 9.48m, versus YoY declines of 104.54% and 112.23%, respectively.

• Q3 adjusted attributable net loss, excluding non-recurring items, was RMB 11.43m, down 123.06% YoY; basic and diluted EPS were both RMB -0.01.

• 9M total profit was RMB 142.33m, down 69.52%; attributable net profit was RMB 145.61m, down 66.26%, and adjusted attributable net profit was RMB 91.17m, down 73.05%.

• 9M revenue was RMB 5.506bn, down 2.62%; operating costs were RMB 5.529bn, up from RMB 5.365bn in the prior-year period.

• 9M non-recurring gains totaled RMB 54.44m, materially exceeding the RMB 11.17m difference between reported and adjusted attributable profit.

Segment performance

• Industrial AI operations scaled to RMB 619.37m of revenue in Jan–Sep 2026.