Tongfu Microelectronics (002156) Q3 2026 earnings summary

Executive summary

• 9M revenue growth reflected a marked increase in high-end product sales; investment returns and fair-value gains also materially lifted earnings.

• 9M attributable net income rose 255.68% YoY to RMB3.061bn, while adjusted net income rose 77.10% to RMB1.378bn.

Financial highlights

• Q3 revenue was RMB8.844bn, up 24.95% YoY; 9M revenue was RMB24.885bn, up 23.71%.

• Q3 attributable net income reached RMB1.343bn, up 199.54%; adjusted net income was RMB630.4m, up 76.30%.

• 9M operating profit was RMB3.738bn, up 207.53%; net income was RMB3.153bn, up 217.10%.

• 9M non-recurring gains totaled RMB1.683bn, including RMB1.977bn in fair-value gains on financial assets, partly offset by taxes and other items.

Key financial ratios and metrics

• Basic and diluted EPS were RMB0.8739 for Q3, up 195.74%; 9M EPS was RMB2.0056, up 253.72%.

• Weighted average ROE was 7.07% for Q3 and 17.61% for 9M, with YoY increases of 4.11 and 11.88 percentage points, respectively.

• 9M operating cash flow was RMB5.547bn, up 1.47% YoY.