Recently, Huitian New Materials recently held an investor relations event to introduce the main business conditions for the first three quarters of 2026. Benefiting from the booming downstream circuit demand and new business contributions, the company's overall profit level continues to rise, and the growth rate of net profit after deducting non-net profit is higher than the growth rate of net profit and revenue growth. The third quarter of 2026 achieved single-quarter revenue of 1.36 billion yuan, a year-on-year increase of 21.7%, a record high in single-quarter revenue for the third quarter; deducted non-net profit of 93.28 million yuan in a single quarter, an increase of 45.75% year-on-year, a significant improvement over the previous quarter. In terms of business structure, the revenue share of the two major sectors, electronics, and automobiles, continues to rise, and the business focus is skewed towards a high value-added circuit. Regarding the increase in performance, the company said it was due to concerted efforts such as continuous release of lithium battery anode adhesives, rapid growth in electronic adhesives, smooth operation of automotive adhesives, and cyclic repair of photovoltaic adhesives. In response to the weak comprehensive gross margin, the company explained that due to delays in the transmission of raw material prices and the phased increase in the cost of packaging adhesives, it is expected to improve in the future. In terms of production capacity, PAA currently has a production capacity of 54,000 tons/year and is in a saturated state; SBR's current production capacity is 13,000 tons/year, which is expected to rise to 16,000 tons/year by the end of 2026, and is in the process of climbing capacity. The 72,000-ton PAA and 50,000-ton SBR expansion projects under construction are expected to be completed in the second half of 2027 and the first half of 2028, respectively. In the fourth quarter, the company will advance work in areas such as expanding the high-growth business circuit and promoting production capacity and order volume in high-growth sectors to support the achievement of annual business goals.

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