SICC (688234.SH) has released its report for the third quarter of 2026.
In the first three quarters, the company recorded operating revenue of 1.559 billion yuan, up 40.22% year on year.
Net profit attributable to shareholders reached 27.2162 million yuan, an increase of 2,330.24% year on year.
Net profit after deducting non-recurring gains and losses came in at 8.8295 million yuan, turning profitable from a loss a year earlier.
Basic earnings per share stood at 0.06 yuan.
In the first three quarters, the company's operating revenue and gross margin rose steadily, with revenue hitting a record high.
In the third quarter, sales revenue reached 646 million yuan, with a gross margin of 27.46%.
Revenue from 8-inch products accounted for more than 50% of the total, as demand grew rapidly in both domestic and overseas markets.
In recent years, silicon carbide substrate companies in the industry have continued to tackle key challenges in a coordinated manner. Relying on technological iteration and refined production management, the cost of silicon carbide substrates has fallen significantly, and silicon carbide power devices have gradually approached the economic threshold of silicon-based devices in some application scenarios, driving continuous expansion of downstream application scenarios.
Market demand in fields such as new energy vehicles, data centers, solid-state transformers, and industrial power supplies is showing a growth trend.
The company will continue to strengthen its technological reserves and advance capacity layout, seize industry development opportunities, and strive to promote steady growth in operating performance.
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