Crystal Optech Q3 Revenue Up 27.7% YoY as Nine-Month R&D Spend Hits 426 Million Yuan

Chinese optical components maker Crystal Optech released its Q3 2026 results on October 27. Nine-month revenue rose 20.30% year over year to 6.163 billion yuan, with net profit attributable to shareholders up 6.20% at 1.044 billion yuan and non-GAAP net profit up 6.78% at 989 million yuan. Q3 revenue alone grew 27.70% to 2.685 billion yuan, with net profit up 7.74% at 520 million yuan. R&D spending for the nine months jumped 43.25% to 426 million yuan, mainly due to higher R&D staff compensation and materials, while operating cash flow rose 11.97% to 923 million yuan. A key optical components supplier, Crystal Optech has been expanding into AR optics — covering reflective waveguides, diffractive waveguides, and optical combiner prisms — and building out its AI glasses and AR device business, though the report did not separately disclose revenue, shipments, or order volumes for those lines.

10月27日消息，国内光学元器件厂商水晶光电发布2026年第三季度财报。前三季度，公司实现营业收入61.63亿元，同比增长20.30%；归母净利润10.44亿元，同比增长6.20%；扣非归母净利润9.89亿元，同比增长6.78%。其中，第三季度单季营收26.85亿元，同比增长27.70%；归母净利润5.20亿元，同比增长7.74%。

研发方面，水晶光电前三季度研发费用达到4.26亿元，同比增长43.25%，公司表示主要系研发人员薪酬及材料领用增加。同期，公司经营活动产生的现金流量净额为9.23亿元，同比增长11.97%。

作为国内重要的光学元器件供应商，水晶光电近年来持续布局AR光学领域，技术路线涵盖反射光波导、衍射光波导、光机合色棱镜等，并积极拓展AI眼镜及AR设备相关业务。不过，本次财报并未单独披露AR光学及AI眼镜业务的营收、出货量和订单规模。

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