Shenghe Jingwei's Q3 net profit attributable to the parent company is 186 million yuan, a decrease of 27% compared to the previous quarter

Advanced packaging company Shenghe Jingwei released its financial report for the third quarter of 2026. The operating revenue for the first three quarters was 5.12 billion yuan, a year-on-year increase of 1.45%; the net profit attributable to the parent company was 636 million yuan, a year-on-year decrease of 18.48%. The operating revenue for the third quarter was 1.71 billion yuan, a year-on-year decrease of 8.33%; the net profit attributable to the parent company was 186 million yuan, a year-on-year decrease of 45.96%, a decrease of 27% compared to the 258 million yuan in the second quarter.

The company stated that the changes in profit were mainly due to tight supply of core materials, a year-on-year decrease in revenue, and ongoing capacity expansion, along with an increase in depreciation costs year-on-year. The announcement on the same day showed that for the first three quarters of 2026, a total of 265 million yuan was provisioned for credit impairment losses and asset impairment losses. The net cash flow from operating activities for the first three quarters was 2.08 billion yuan, a year-on-year decrease of 30.60%. The company stated that this was mainly due to a year-on-year decrease in government subsidies, the return of customer credit deposits during the period, and increases in material procurement and employee compensation.

As of the end of September 2026, the balance of monetary funds was 8.558 billion yuan, total assets were 28.144 billion yuan, an increase of 24.51% compared to the end of the previous year; the equity attributable to shareholders of the listed company was 19.294 billion yuan, an increase of 33.73% compared to the end of the previous year. At the end of the period, fixed assets were 12.172 billion yuan, an increase of over 20% compared to the end of the previous year, and construction in progress was 1.558 billion yuan. In the company's 2.5D business, SmartPoser-Si has been mass-produced, and SmartPoser-BD has completed full-process verification.