Yingjie Electric said on an interactive platform on October 28 that the company's revenue is composed of sales revenue from power supply products in various fields. Among them, sales revenue in the semiconductor sector matched the sharp increase in orders, and achieved a sharp year-on-year increase in the first three quarters. Comparative revenue structure: A large amount of domestic PV business revenue was confirmed in the third quarter of 2025; the scale of revenue recognition in the domestic PV sector in the third quarter of 2026 was relatively limited. The amount of a single contract for PV projects is usually high. Although semiconductor business revenue remains high, the increase is not enough to cover the gap formed by domestic PV revenue confirmation in the third quarter of 2026. This is the main reason for the year-on-year decline in third-quarter results. At this stage, the domestic photovoltaic industry is still in a downward adjustment cycle, leading to strong quarterly fluctuations in revenue confirmation in the domestic PV sector. At the same time, the company's PV business orders increased dramatically in 2026. The vast majority of orders correspond to customers' overseas projects. Currently, the company is organizing production and delivery in an orderly manner. Relevant revenue will be gradually confirmed in the subsequent cycle, and the photovoltaic industry is still expected to support the company's subsequent performance.

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