Covestro announced that revenue for the third quarter of 2026 was 46.552 million yuan, down 29.56% year on year; net loss was 70.9986 million yuan, down 10.45% year on year. Revenue for the first three quarters of 2026 was 144 million yuan, down 34.74% year on year; net loss was 247 million yuan, up 31.47% year on year. R&D investment in the first three quarters was 194 million yuan, accounting for 134.46% of revenue. During the reporting period, the company signed a 160 million yuan AI large model high computing power server sales contract. Currently, the customer has not paid as agreed, and the two parties are still negotiating the payment arrangement.
Zhitongcaijing · 3d ago
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Covestro announced that revenue for the third quarter of 2026 was 46.552 million yuan, down 29.56% year on year; net loss was 70.9986 million yuan, down 10.45% year on year. Revenue for the first three quarters of 2026 was 144 million yuan, down 34.74% year on year; net loss was 247 million yuan, up 31.47% year on year. R&D investment in the first three quarters was 194 million yuan, accounting for 134.46% of revenue. During the reporting period, the company signed a 160 million yuan AI large model high computing power server sales contract. Currently, the customer has not paid as agreed, and the two parties are still negotiating the payment arrangement.
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