Although Enjie has not yet raised separator prices for CATL, its net profit rose 74% quarter on quarter in the third quarter of 2026. A higher share of high-margin coated separators and price increases for second-tier battery makers were the main reasons for the improvement in unit profitability.
Cost overruns weighed on third-quarter profit, capital expenditure guidance was raised, and free cash flow remained negative. JPMorgan expects a slightly negative share-price reaction while looking for improvement from increased contracted capacity in the second half of 2027.
Third-quarter adjusted EBITDA rose from 1.9 million dollars in the previous quarter to 8.6 million dollars, but remained below the year-earlier level. The company expects average graphite electrode prices to rise in the fourth quarter, while JPMorgan maintains a neutral credit rating.
After visiting an industry trade show in Taipei, Nomura found that supply constraints on fiberglass cloth, equipment and copper foil are spreading through the PCB supply chain. High-end ABF substrates may become scarcer, but the overall ABF substrate market remains oversupplied.
In the third quarter of 2026, Shuanghuan Driveline’s revenue rose 14.4% year on year, while net profit grew just 3.8%. Nomura lowered its earnings forecasts but raised its target price from 50 yuan to 55 yuan, citing synergies in the robotics business and expanded coaxial gearbox capacity.
Steel mills and downstream operations jointly supported third-quarter earnings, but fourth-quarter maintenance, ramp-up costs at a new mill and weakness in the raw materials business pose constraints. JPMorgan raised its earnings forecasts and price target, citing diversification and new capacity.
Higher selling prices and lower unit costs for self-produced coal lifted gross profit per tonne by 32% year on year. However, power-generation costs rose far more than electricity prices, halving gross profit and leaving quarterly net profit slightly below Citi’s forecast.
BofA remains positive on natural gas demand in the US Midwest, but has pushed the expected in-service date for a potential project portfolio from 2030 to 2032 and cut its price target from $155 to $145.
Revenue rose 28.5% year on year in the first three quarters of 2026, while net profit attributable to shareholders grew just 9.7%. Citi believes foreign-exchange and non-operating items masked growth in core earnings, but has cut its earnings forecasts and target price for the next three years.
Weak consumer electronics demand, changes to the launch schedule for foldable-screen models and exchange-rate effects weighed on third-quarter results. Management is optimistic about the next two quarters, but Citi has lowered its margin expectations and cut its 2026 net profit forecast by 40%.
Third-quarter net profit fell 37% year on year and missed the VA consensus by 33%; management slightly lowered its full-year electric two-wheeler shipment outlook, and Citi cut its earnings forecasts and target price because of margin pressure.
Revenue growth and expense control drove a profit beat, prompting Citi to raise its earnings forecasts and upgrade the stock from Sell to Neutral; meanwhile, stocking up pushed inventories higher, and valuation remains relatively high.
The first three quarters' performance led Citi to raise its 2026 earnings forecast for Han's CNC, but faster growth among peers, a subsequent slowdown in growth and equity incentive expenses weighed on its valuation. Ultrafast laser drilling machines and customer expansion offer new growth opportunities.
Semiconductors led gains for a second consecutive trading day, as Anthropic revenue indicators and financing news eased recent pressure; earnings from Seagate and NXP, however, show that investors now demand results above market consensus.
Guosheng Securities is optimistic about humanoid robot data collection and onboard perception; Guotai Haitong Securities is focused on Asia-Pacific Co.’s cost reduction and efficiency gains, electromechanical braking technology, and overseas production capacity plans.
The new-generation Xiaomi bionic hand was designed around flexible manufacturing at its automotive factory and delivers better grasping performance than its predecessor. Huachuang Securities believes that as hardware specifications converge, data, algorithms and hand-eye coordination will become more important competitive barriers.
US nuclear operators are advancing reactor upgrades through financing and long-term power supply agreements; China continues to approve new reactors, while analysts see long-term opportunities from demand for dispatchable power.
SDIC Intelligence’s “Yuanshu” has been connected to wheeled, quadruped and humanoid devices; the company also disclosed progress in robot data capabilities and AI security products.
Orders for key brands tracked by Goldman Sachs rose 9% week over week in week 43, but fell 2% excluding BYD; over the same period, new-energy vehicle wholesale sales grew year over year, while retail sales remained below last year's level.
Goldman Sachs believes the rise in year-on-year industrial profit growth to 14.1% in September was mainly due to base effects. On a seasonally adjusted basis, profits were flat month on month and revenue fell 0.1%. The bank expects both the manufacturing and non-manufacturing PMIs to decline in October.
