Zhitong Finance App News, China Micro (688012.SH) released its report for the third quarter of 2026. The company achieved operating income of 10.326 billion yuan in the first three quarters, an increase of 28.08%; net profit attributable to shareholders of listed companies was 4.134 billion yuan, an increase of 241.31% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 1,623 billion yuan, an increase of 83.01% year on year; basic earnings per share were 6.34 yuan.
The company's revenue for the first three quarters of 2026 increased by about 28.08% year-on-year. The company significantly increased shipments of high-end products with key etching processes in advanced logic and memory device manufacturing, and achieved large-scale mass production of various key etching processes in advanced logic devices and advanced memory devices.
Net profit attributable to shareholders of listed companies increased by about 241.31% year-on-year in the first three quarters of 2026. The main reasons are: (1) operating revenue for the first three quarters of 2026 increased by 28.08%, and gross profit increased by about 1,021 million yuan over the same period of the previous year; (2) the company's R&D expenditure for the first three quarters of 2026 increased by 699 million yuan over the same period last year (up about 27.70%), and R&D expenditure accounted for about 31.20% of the company's revenue, which is far higher than the average value of the Science and Technology Innovation Board. The company is currently simultaneously promoting research and development of six categories and more than 20 new devices. The new product development cycle is significantly accelerated, and it only takes two years or less to develop a new product; (3) The company's foreign equity investment, which is measured at fair value and included in current profit and loss, generated a total fair value change income and investment income of about 1.94 billion yuan in the first three quarters of 2026, an increase of about 1,591 million yuan over 349 million yuan in the same period last year. (4) The company sold part of its shares held by Tuojing Technology Co., Ltd. in the current period, generating investment income of about 953 million yuan.