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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.
Changchun High-Tech Industry (Group)
Changchun High-Tech Industry (Group) (000661) investor relations material
Changchun High-Tech Industry (Group) Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
9M 2026 revenue was ¥8.25B, down 15.86% YoY; net income attributable to shareholders was ¥586.1M, down 49.68%.
Adjusted for non-recurring items, attributable net income was ¥687.2M, down 45.84%; operating cash flow rose 235% to ¥2.42B.
Financial highlights
Q3 revenue was ¥2.71B, down 15.46% YoY; attributable net income was ¥110.8M, down 39.12%.
9M operating costs totaled ¥7.23B versus ¥8.20B YoY; selling expenses declined to ¥3.01B from ¥3.76B, while R&D expenses fell to ¥1.44B from ¥1.73B.
9M net income was ¥516.5M versus ¥1.06B YoY; attributable net income was ¥586.1M, with minority shareholders recording a ¥69.6M loss.
Segment performance
Jin Sai Pharmaceutical 9M revenue was ¥6.68B, down 18.71% YoY; profit attributable to parent owners was ¥778M, down 45.26%.
Baike Biotech revenue was ¥564M, up 18.84% YoY, with a ¥96M attributable loss; Huakang Pharmaceutical revenue declined 9.13% to ¥492M and attributable profit fell 10.47% to ¥32M.
High-Tech Real Estate revenue rose 180.02% to ¥1.52B, with a ¥3M attributable loss; ¥1.042B from internal hotel-related asset restructuring was eliminated in consolidated results.
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Latest events from Changchun High-Tech Industry (Group)
- Revenue and profit declined sharply year-over-year, but cash flow and innovation pipeline advanced.000661
Q2 2026 - Revenue and profit declined sharply, but R&D and global licensing advanced key pipelines.000661Q4 2025
- Revenue and profit declined sharply year-over-year, but cash flow and real estate improved.000661Q1 2026
- Net profit dropped 58.23% year-over-year amid revenue decline and higher asset impairments.000661Q3 2025
- Net profit dropped 42.85% year-over-year as R&D spending and new launches increased.000661Q2 2025
- Revenue and net profit fell significantly in Q3 2024, with only Huakang Pharma showing growth.000661Q3 2024
- Revenue up 7.63% but net profit down 20.40% as real estate surges and biopharma softens.000661Q2 2024
- Net profit fell 43% on lower sales and higher R&D, with strong cash returns to shareholders.000661Q4 2024
- Net profit plunged 44.95% in Q1 2025 as rising costs offset modest revenue growth.000661Q1 2025
Next Changchun High-Tech Industry (Group) earnings date
Q4 202622 Apr, 2027
Changchun High-Tech Industry (Group)
Next Changchun High-Tech Industry (Group) earnings date
Q4 202622 Apr, 2027
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