)
SICC (688234) investor relations material
SICC Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 was RMB 365.50 million, down 10.41% year-over-year due to lower product prices.
Net loss attributable to shareholders was RMB -60.51 million, compared to a profit of RMB 8.52 million in Q1 2025.
Gross margin and profitability declined, impacted by price pressure, increased financial expenses from forex losses, and asset impairment provisions.
Cash flow from operations dropped sharply to RMB 10.19 million from RMB 143.96 million year-over-year.
Financial highlights
Operating income: RMB 365.50 million, down 10.41% year-over-year.
Net profit: RMB -60.51 million, down 810.36% year-over-year.
Basic and diluted EPS: RMB -0.13, compared to RMB 0.02 in Q1 2025.
R&D investment: RMB 38.02 million, down 15.40% year-over-year; R&D ratio to revenue at 10.40%.
Total assets at quarter-end: RMB 9.60 billion, up 0.18% from year-end 2025.
Shareholders’ equity: RMB 7.11 billion, down 0.85% from year-end 2025.
Outlook and guidance
Management is focused on expanding sales volume, optimizing product mix, and cost reduction to offset price declines.
Gross margin showed sequential improvement from Q4 2025, with Q1 revenue up 3.58% quarter-over-quarter.
- Revenue dropped 17% and net loss reached RMB 208 million, but global SiC leadership and R&D advances continued.688234
Q4 202530 Mar 2026 - Strong revenue growth and profit turnaround achieved, reversing last year's loss.688234
Q4 202415 Dec 2025 - H1 2025 saw sharp profit decline amid price pressure, but global expansion and 12-inch SiC launch advanced.688234
Q2 202512 Dec 2025 - Revenue and profit sharply declined amid price competition, but equity rose after H-share issuance.688234
Q3 202527 Oct 2025 - YTD revenue rose 55.3% and net profit soared, driven by large-size conductive product sales.688234
Q3 202413 Jun 2025 - Revenue doubled and net profit turned positive as SiC substrate sales and capacity soared.688234
Q2 202413 Jun 2025 - Net profit plunged 81.52% in Q1 2025 as R&D and management costs surged.688234
Q1 20256 Jun 2025
Next SICC earnings date
Next SICC earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)