Hong Kong—20 October 2026—SICC Co., Ltd. (SICC) reported unaudited third-quarter revenue of RMB 645.59 million, a 102.89 % year-on-year jump driven by rapid volume growth in 8-inch silicon-carbide (SiC) conductive substrates, which now account for more than half of sales. Robust demand from new-energy vehicles, AI server power supplies, photovoltaics, energy storage and ultra-fast charging underpinned the performance.
Third-quarter gross margin reached 27.46 %, benefiting from scale effects and an optimized product mix. Total profit climbed to RMB 90.94 million, reversing a loss in the prior-year period, while net profit attributable to shareholders rose to RMB 85.83 million. Excluding one-off items, recurring net profit came in at RMB 96.17 million.
For the first nine months of 2026, revenue expanded 40.22 % to RMB 1.56 billion. Net profit attributable to shareholders totalled RMB 27.22 million, marking a 2,330.24 % increase from a low base a year earlier. Operating cash flow improved 26.52 % to RMB 89.02 million.
R&D investment remained substantial at RMB 115.71 million for the nine-month period, though down 6.16 % year on year; it represented 7.42 % of revenue. Management highlighted continued efforts in technology iteration and capacity build-out to capture industry growth opportunities.
Balance-sheet strength was maintained. Total assets rose 10.84 % from year-end 2025 to RMB 10.62 billion, while equity attributable to shareholders edged up 0.29 % to RMB 7.19 billion. Cash and cash equivalents stood at RMB 832.89 million at 30 September 2026, after sizeable capital expenditures and investment outflows. Short-term borrowings increased to RMB 1.20 billion, lifting total liabilities to RMB 3.43 billion.
Management reiterated its focus on consolidating technological advantages and expanding capacity to meet accelerating SiC demand across automotive, data-center and industrial power segments.
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