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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Asymchem Laboratories (Tianjin)
Asymchem Laboratories (Tianjin) (002821) investor relations material
Asymchem Laboratories (Tianjin) Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary22 Oct, 2026
Executive summary
Q3 revenue was RMB 1.788bn, up 24.04% YoY; net profit attributable to shareholders was RMB 331.7m, up 81.49% YoY.
9M revenue reached RMB 5.395bn, up 16.52% reported and 20.00% at constant exchange rates; adjusted net profit rose 21.81% YoY to RMB 1.074bn.
New orders maintained double-digit YoY growth; management expects FY2026 revenue growth of 19%–22%, with Q4 deliveries substantially above Q3.
Financial highlights
9M net profit attributable to shareholders was RMB 852.2m, up 6.49% YoY; adjusted net profit was RMB 1.074bn, up 21.81%.
Q3 net profit excluding non-recurring gains was RMB 203.5m, up 25.70% YoY; 9M net profit excluding non-recurring gains was RMB 728.3m, up 0.04%.
9M non-recurring gains totaled RMB 123.9m after tax, including RMB 104.4m in financial-asset fair-value and disposal gains before tax.
9M weighted average ROE was 4.75%, up 0.12 percentage points YoY; total assets at period-end were RMB 21.634bn, up 6.69% from year-end 2025.
Outlook and guidance
FY2026 revenue growth is expected at 19%–22%; late-stage clinical and commercial projects typically deliver in greater volumes in H2.
Backlog scheduled for delivery indicates Q4 delivery volume will increase substantially versus Q3.
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Latest events from Asymchem Laboratories (Tianjin)
- Revenue up 13.13% and adjusted net profit up 12.90%, with strong growth in emerging businesses.002821
Q2 2026 - Q1 2026 saw strong revenue and margin growth, but net profit fell due to forex losses.002821Q1 2026
- 2025 revenue and profit rose sharply, with robust new business and strong order growth.002821Q4 2025
- Revenue up 11.82% YTD, with strong emerging business growth and higher full-year outlook.002821Q3 2025
- H1 2025 saw double-digit profit and revenue growth, strong order backlog, and global expansion.002821Q2 2025
- Core business grew despite a sharp drop in profit and revenue from last year's large orders.002821Q3 2024
- Revenue and profit fell, but core CDMO growth and global expansion drive future outlook.002821Q2 2024
- Revenue and net profit grew over 10% and 15% year-over-year, led by new business momentum.002821Q1 2025
- 2024 revenue and profit declined sharply, but core business excluding one-offs grew and 2025 guidance is strong.002821Q4 2024
Next Asymchem Laboratories (Tianjin) earnings date
Q4 20261 Apr, 2027
Asymchem Laboratories (Tianjin)
Next Asymchem Laboratories (Tianjin) earnings date
Q4 20261 Apr, 2027
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