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标题: Farsoon Reports Revenue Above RMB 510 Million and R&D Investment Above RMB 100 Million for First Three Quarters [打印本页]

作者: admin 时间: 2026-11-4 20:06
标题: Farsoon Reports Revenue Above RMB 510 Million and R&D Investment Above RMB 100 Million for First Three Quarters
Nanjixiong learned that Farsoon Technologies (688433) released its third-quarter 2026 report on the evening of October 29. Revenue for the first three quarters was RMB 510 million, up 28.11% year on year; net profit attributable to listed-company shareholders was RMB 19.5773 million, up 34.48%; and net profit excluding non-recurring gains and losses reached RMB 13.2293 million, up 120.15%.

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The report represents a high-quality performance.

Revenue growth of 28.11% maintained strong momentum. On profitability, the standout figure is the 120.15% rise in adjusted net profit, directly reflecting the core business's earnings quality.

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Excluding share-based payments, attributable net profit for the year to the reporting date was RMB 68.7249 million, up 58.03%. Share-based payments are commonly used during expansion to retain core teams. Removing this noncash expense shows underlying operating profitability growing by nearly 60%.

Assets also expanded steadily. Quarter-end total assets were RMB 2.977 billion, up 6.98% from the previous year-end; equity attributable to listed-company shareholders was RMB 2.186 billion, up 5.68%, providing a solid foundation.

Clear Revenue Drivers: Equipment and Accessories

The report attributed profit growth mainly to increased sales of printing equipment and auxiliary machinery and accessories, generating corresponding revenue and profit.

Farsoon has continued expanding products in 2026. For large metal builds, it introduced major systems including the 16-laser FS1311M-U. For high heat-flux requirements in the AI computing era, it introduced SLM copper-alloy solutions targeting emerging high-growth markets such as liquid-cooling heat dissipation. Equipment and accessories together supported steady revenue growth.

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R&D Above RMB 100 Million Builds Long-Term Technology Advantages

For a STAR Market company, advanced technology R&D is the core long-term growth engine.

First-three-quarter R&D investment totaled RMB 107 million, up 19.23%, representing 21.00% of revenue. An R&D ratio above 20% is high in advanced equipment manufacturing.

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Continued funding supports new equipment, material processes, and software updates. While intensive R&D affects short-term profits to some extent, it establishes long-term technological advantages.

Economies of Scale Emerge; Further Capacity Release Expected in Q4

Nanjixiong sees steady industrialization by a leading metal printer supplier in these results.

Nearly 30% revenue growth and over 120% adjusted-profit growth suggest Farsoon is moving beyond early scale-up toward economies of scale and stronger profitability. With demand rising from advanced manufacturing and emerging industries, its R&D ratio above 20% and expanding portfolio provide resources for future competition.

The first three quarters establish a solid annual foundation. As the Q4 delivery peak arrives and large systems and copper solutions penetrate aerospace, consumer electronics, and thermal management, Farsoon could deliver stronger full-year results.

AI-translated from an article by Xiaoruanxiong on Nanjixiong, originally published on 2026-10-31. Text and images retain the original source attribution.
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