Summary
Moore Threads disclosed its Q3 2026 report on the evening of October 28, 2026: Q3 revenue of RMB 1.552 billion (+1773.92% YoY, +55.4% QoQ), a record quarter; net profit attributable to shareholders RMB 49.2604 million; adjusted net profit turned positive for the first time in a single quarter at RMB 20.0724 million; nine-month revenue RMB 3.289 billion, +319.15% YoY.
Background and Data Scope
- Event: Moore Threads released its Q3 2026 report on the evening of October 28, 2026.
- Sources: Company official Q3 report; details verified via Shanghai Securities News (published on Sina Finance).
- Scope: Figures are in RMB; YoY compares with Q3 2025 and QoQ with Q2 2026; adjusted means net profit attributable excluding non-recurring items.
Core Data Table
| model | Q3 2026 | 9M 2026 | YoY | Notes |
|---|---|---|---|---|
| Revenue | RMB 1.552B, +55.4% QoQ, record quarter | RMB 3.289B | Q3 +1773.92% YoY; 9M +319.15% YoY | Company Q3 report, disclosed Oct 28 evening |
| Net profit attributable | RMB 49.2604M | RMB 37.6973M | swung to profit | Q1 RMB 29.3592M; Q2 loss ~RMB 40.92M; Q3 turned positive |
| Adjusted net profit attributable | RMB 20.0724M, first positive single quarter | -RMB 131M | single-quarter turnaround | — |
| R&D expense | RMB 571M, +87.89% YoY | RMB 1.340B, +55.72% YoY | — | 9M R&D already exceeds full-year 2025's RMB 1.305B |
| Net operating cash flow | — | -RMB 3.309B | — | — |
| Ending inventory | RMB 3.363B (as of end-Sep) | — | +RMB 2.031B vs end-2025 | — |
| Q1 net profit attributable | RMB 29.3592M | — | — | quarterly turnaround path |
| Q2 net profit attributable | loss ~RMB 40.92M | — | — | quarterly turnaround path |
Additional Notes
- Institutional holdings (per Shanghai Securities News): UBS AG raised its stake from 167,400 shares at end-Q2 to 521,200 shares; Morgan Stanley newly entered the top-ten free-float holders with 794,500 shares.
- Turnaround path: adjusted net profit for the nine months remains -RMB 131M, but Q3's first positive adjusted quarter signals improving operating quality.