Suzhou Novosense Microelectronics (688052) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 100.25% YoY to RMB 1.686bn; 9M revenue increased 78.66% to RMB 4.226bn.

• 9M attributable net income was RMB 83.66m versus a RMB 140.49m loss a year earlier; Q3 attributable net income was RMB 16.06m.

• Q3 adjusted net income was RMB 12.56m, while 9M adjusted net income remained negative at RMB 35.33m.

Financial highlights

• 9M total profit was RMB 100.99m versus a RMB 157.69m loss in 9M 2025; net income was RMB 80.13m versus a RMB 140.49m loss.

• 9M R&D spending rose 31.44% YoY to RMB 738.25m; R&D was 17.47% of revenue, down 6.27 percentage points.

• 9M reported fair-value gains were RMB 95.62m, compared with RMB 9.87m in 9M 2025.

Outlook and guidance

• Product development continues to target automotive electronics and broad energy applications; overseas business expansion is ongoing.

• Management cited growing demand from automotive electronics, server power, solar and storage, and industrial automation markets as drivers of higher shipments.