According to the announcement of Mingguan New Materials, the third quarter of 2026 achieved operating income of 199 million yuan, an increase of 27.84% over the previous year; net loss of 23.3787 million yuan. The first three quarters of 2026 achieved operating income of 608 million yuan, an increase of 13.18% over the previous year; net loss of 406.99 million yuan, net loss after deduction of 440.54 million yuan. R&D investment in the first three quarters was RMB 30.2461 million, up 25.65% year on year. R&D investment accounted for 4.97% of revenue, up 0.49 percentage points year on year.

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