According to the announcement of Guangdong Special Materials, the third quarter of 2026 achieved operating income of 1,226 billion yuan, a year-on-year decrease of 1.13%; a net loss of 29.102 million yuan, a year-on-year decrease of 145.71%. The first three quarters of 2026 achieved operating income of 3,549 billion yuan, a year-on-year decrease of 5.98%; net loss of 16.7566 million yuan, a year-on-year decrease of 106.74%. The decline in performance was mainly due to a decline in order delivery in the wind power business, an increase in unit fixed costs due to insufficient utilization of production capacity, a decline in the price of some products, a year-on-year decline in comprehensive gross margin, and a sharp increase in credit impairment losses on accounts receivable and notes receivable. R&D investment in the third quarter was 61.613,300 yuan, a year-on-year increase of 40.23%.

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