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HEBEI YANGYUAN ZHIHUI BEVERAGE (603156) investor relations material
HEBEI YANGYUAN ZHIHUI BEVERAGE Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2026 revenue was RMB 1.495bn, up 3.85% YoY, while net profit attributable to shareholders fell 26.29% to RMB 276.5m. 9M revenue increased 27.92% to RMB 4.996bn and attributable net profit rose 1.03% to RMB 1.131bn.
9M operating cash flow was negative RMB 57.6m; total assets were RMB 10.523bn at quarter-end, down 20.26% from year-end 2025.
Financial highlights
Q3 adjusted net profit was RMB 274.7m, down 17.14% YoY; 9M adjusted net profit was RMB 1.059bn, up 10.45%.
9M operating income was RMB 4.996bn; operating costs totaled RMB 3.547bn, including RMB 2.936bn in operating costs.
9M total profit was RMB 1.619bn versus RMB 1.415bn in 9M 2025; net profit was RMB 1.131bn versus RMB 1.119bn.
At quarter-end, equity attributable to shareholders was RMB 8.080bn, down 10.41% from year-end 2025.
Key financial ratios and metrics
Basic EPS was RMB 0.2195 in Q3, down 26.24% YoY; 9M EPS was RMB 0.8971, up 1.04%.
Weighted average ROE was 3.59% for Q3, down 0.33 percentage points YoY, and 12.76% for 9M, up 1.68 percentage points.
- Net profit grew 14.8% to RMB 854 million on 41.97% higher revenue, with a strong dividend proposed.603156
Q2 2026 - Revenue and profit fell, but gross margin and cash flow improved; functional drinks surged.603156
Q4 2025 - Q1 2026 revenue surged 37.5% and net profit rose 25.8% year-over-year, led by seasonal sales shifts.603156
Q1 2026 - Q3 profit surged 88.20% year-over-year, but nine-month revenue and profit declined.603156
Q3 2025 - Revenue and profit fell sharply, but market leadership and strong cash dividend maintained.603156
Q2 2025 - Q3 profit plunged 47% on lower sales and investment income, with cash flow under pressure.603156
Q3 2024 - Net profit grew 12.97% year-over-year despite a 2.02% revenue decline and lower cash flow.603156
Q2 2024 - Net profit surged 17.35% to ¥1.72B despite a slight revenue dip, with robust dividends and buyback.603156
Q4 2024 - Revenue and profit declined sharply in Q1 2025, but cash flow and margins improved.603156
Q1 2025
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