Dongyue Silicon Materials expects Q1–Q3 net profit to surge over 190-fold

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Dongyue Silicon Materials disclosed an earnings forecast on October 8, projecting net profit of 547 million to 567 million yuan for the first three quarters of 2026, up 19,048% to 19,748% year on year, with non-GAAP net profit of 589 million to 609 million yuan, compared with less than 12 million yuan in the same period last year. The company said that, driven by an improved market environment and industry supply-demand balance, prices of its main products rose, procurement prices for industrial silicon fell year on year, overall unit production costs declined, and consolidated gross margin improved. This forecast extends the company's strong earnings trajectory this year. Its interim report showed that Dongyue Silicon Materials achieved operating revenue of 2.665 billion yuan in the first half of 2026, up 14.5% year on year, and net profit attributable to the parent of 429 million yuan, up 916.22% year on year. Based on that, third-quarter net profit attributable to the parent is estimated at about 118 million to 138 million yuan, still at a high level. Such a high year-on-year growth rate is closely tied not only to improved profitability but also to an extremely low base in the same period last year. In the first three quarters of 2025, Dongyue Silicon Materials reported net profit attributable to the parent of only 2.857 million yuan, down more than 90% year on year. The company explained that the third quarter of 2025 was affected by the July 20 fire accident, resulting in a loss of 39.3374 million yuan for that period. Amid the current recovery in the silicone industry, leading companies along the industrial chain have generally seen improved operations. Peers such as Hoshine Silicon and Wynca have benefited from the rebound in DMC prices, with profitability clearly recovering from last year's trough.

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