According to the Western Superconductivity announcement, the third quarter of 2026 achieved operating income of 1,263 billion yuan, a year-on-year decrease of 0.28%; a net loss of 83.081 million yuan, a year-on-year decrease of 180.20%; after deducting non-net profit of 456.798 million yuan, a year-on-year decrease of 51.99%. The first three quarters of 2026 achieved operating income of 3.874 billion yuan, a year-on-year decrease of 2.87%; net profit to mother of 262 million yuan, a year-on-year decrease of 59.62%; deducted non-net profit of 202 million yuan, a year-on-year decrease of 65.76%. The changes in performance were mainly due to product restructuring, a decrease in gross profit due to lower sales prices for some products, an increase in R&D investment, a decrease in government subsidies, and a decrease in the fair value of equity investment in the third quarter.

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