Injet Electric’s semiconductor orders rise 169%, with materials emerging as a source of growth

How fast is the semiconductor business growing?

In the first three quarters of 2026, Injet Electric’s sales revenue from the semiconductor and electronic materials industries was 408 million yuan, up 67.98% year over year; the growth rate increased further from the level reported at the half year.
The business accounted for more than 40% of the company’s total revenue, and its share continued to rise, making it the largest revenue source. New orders during the same period amounted to 794 million yuan, up 169.24% year over year and accounting for 41.56% of the company’s new orders across all industries.

Of the 794 million yuan in new semiconductor orders, approximately 60% came from semiconductor processes, including radio-frequency power supplies, with AMEC and Piotech as the main customers; approximately 40% came from semiconductor materials, mainly including power supplies for diamond and silicon carbide equipment.
Materials saw the fastest order growth in the first three quarters and were also the main driver of quarter-on-quarter order growth in the third quarter. Orders signed in the diamond segment grew rapidly, while orders in the silicon carbide segment also approached the hundred-million-yuan mark; radio-frequency power supply orders likewise increased significantly.

The company’s semiconductor orders rose rapidly quarter by quarter during the first three quarters. Before October had ended, the company’s total orders had already exceeded 2 billion yuan, and average monthly order volume was at a historical high.
The research meeting notes forecast that, as orders are converted into revenue, semiconductor revenue will grow more substantially in the fourth quarter of 2026 and the first quarter of 2027. The 2 billion yuan figure refers to the company’s total orders and cannot be directly equated with semiconductor orders or revenue for the period.