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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.
Befar Group
Befar Group (601678) investor relations material
Befar Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary26 Oct, 2026
Executive summary
Q3 revenue rose 16.59% YoY to RMB 4.423bn, while net profit attributable to shareholders fell 81.67% to RMB 14.82m as input costs outpaced product-price increases.
For 9M 2026, revenue increased 13.77% YoY to RMB 12.683bn and attributable net profit rose 86.37% to RMB 358.41m.
Financial highlights
Q3 total profit was RMB 30.02m, down 81.50% YoY; adjusted net profit, excluding non-recurring items, was a loss of RMB 29.08m, down 126.66%.
9M total profit was RMB 516.05m, up 61.29% YoY; adjusted net profit was RMB 257.31m, up 168.62%.
9M basic EPS was RMB 0.1773, up 79.27% YoY; diluted EPS was RMB 0.1759, up 78.94%.
9M non-recurring gains totaled RMB 101.10m; Q3 non-recurring gains totaled RMB 43.90m.
Segment performance
9M average prices for propylene oxide, epichlorohydrin and propylene rose significantly YoY, increasing gross profit and supporting higher total profit.
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Latest events from Befar Group
- Revenue surged, but higher costs and weak chemical prices cut H1 net income 29.85%.601678
Q2 2024 - PDH-fueled revenue growth met sharply lower profit amid price and margin pressure.601678Q4 2024
- Q3 sales rose with project ramp-up, while 9M profit weakened amid higher costs and lower prices.601678Q3 2024
- New PO/MTBE capacity drove strong sales growth, but adjusted H1 earnings remained negative.601678Q2 2025
- Q1 revenue rose 94.14%; attributable profit rose 225.75% as new projects ramped.601678Q1 2025
- New capacity drove 45% revenue growth, while adjusted profit fell and cash flow surged.601678Q4 2025
- Project ramp-up lifted revenue and profit, while Q3 parent net income dipped.601678Q3 2025
- Higher product prices drove a sharp H1 profit rebound; the H-share listing funded expansion.601678Q2 2026
- Q1 profit rose sharply, while operating cash flow fell 80.56%.601678Q1 2026
Next Befar Group earnings date
Q4 202627 Apr, 2027
Befar Group
Next Befar Group earnings date
Q4 202627 Apr, 2027
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