I'm LongbridgeAI, I can summarize articles."STAR Market Daily" October 28 Report (Reporter Wu Xuguang) On the evening of October 28, Hengkun New Materials (688727) released its third-quarter report for 2026.
According to the financial report, the company achieved operating revenue of RMB 557 million in the first three quarters, a year-on-year increase of 14.82%; net profit attributable to shareholders of the listed company was RMB 100 million, a year-on-year increase of 35.95%.
Looking at the single quarter, the company achieved operating revenue of RMB 216 million in the third quarter, a year-on-year increase of 13.04%; net profit attributable to shareholders of the listed company was RMB 16.3942 million, a year-on-year decrease of 49.25%.
Regarding the decline in net profit in the third quarter, the company stated that it was mainly affected by changes in the fair value of trading financial assets and Other Non-Current Financial Assets in the third quarter of 2026.
Hengkun New Materials was established in 2004 and focuses on the research and development and industrial application of key materials in the integrated circuit field. It is mainly engaged in the research and development, production, and sales of photoresist materials and precursor materials.
The company's products are mainly used in process steps such as lithography and thin-film deposition for the manufacturing of advanced NAND and DRAM memory chips and logic chips below the 90nm technology node, serving as indispensable key materials for integrated circuit wafer manufacturing.
As of now, Hengkun New Materials' mass-produced and supplied products include photoresist materials such as SOC, BARC, i-Line photoresist, and KrF photoresist, as well as precursor materials such as TEOS. The number of mass-produced supply items continues to increase as product validations are passed.
When discussing the latest progress of the company's KrF and ArF photoresists, as well as the performance contributions from memory and logic customers, Hengkun New Materials stated during an institutional investor survey at the end of the second quarter this year that the company's ArF photoresist is currently only supplied in small batches due to the long validation cycle.
"Current performance mainly comes from 3D NAND and DRAM memory customers, while the introduction of logic customers is in the gradual ramp-up phase. The company's overall self-produced business maintains high-speed growth, the overseas introduced trading business maintains its existing scale, and the proportion of revenue from self-produced products continues to rise," Hengkun New Materials stated.
During the reporting period, Hengkun New Materials accrued asset impairment provisions for the first three quarters of 2026.
The company stated that to objectively and fairly reflect the company's financial status as of September 30, 2026, and the operating results for the first three quarters of 2026, the company and its subsidiaries conducted impairment tests on various assets within the scope of the consolidated financial statements as of September 30, 2026, based on the principle of prudence. The total asset impairment losses and credit impairment losses accrued in the first three quarters of 2026 amounted to RMB 16.4293 million; during the same period, inventory falling price reserves were reversed by RMB 9.0993 million; the above accruals and reversals collectively reduced the company's total profit for the first three quarters of 2026 by RMB 7.33 million.
According to the latest data disclosed by Hengkun New Materials, as of September 30, the number of shareholder accounts was 14,600, a decrease of 2,892 accounts or 16.52% compared to the previous period (June 30, 2026). The average number of tradable shares held per account increased from 3,086 shares in the previous period to 3,696 shares, while the average shareholding amount per account decreased from RMB 230,800 in the previous period to RMB 160,600.
In terms of secondary market performance, as of the close on October 28, Hengkun New Materials' stock price was reported at RMB 34.26 per share, with a total market capitalization of RMB 15.39 billion.