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Ningbo Deye Technology Group Co (605117) investor relations material
Ningbo Deye Technology Group Co Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 97.49% YoY to RMB 6.539B; attributable net income increased 88.50% to RMB 1.555B, supported by higher residential and commercial storage sales.
For 9M 2026, revenue grew 94.20% YoY to RMB 17.180B and attributable net income rose 82.03% to RMB 4.272B.
Financial highlights
Q3 total profit reached RMB 1.830B, up 82.92% YoY; net income attributable to shareholders was RMB 1.555B, up 88.50%.
9M total profit was RMB 4.942B, up 80.55% YoY; adjusted attributable net income, excluding non-recurring items, was RMB 3.992B, up 75.18%.
9M operating cash flow reached RMB 7.117B, up 167.35% YoY.
9M non-recurring gains totaled RMB 280.1M, including government grants, financial-asset gains and returns from entrusted asset management.
Segment performance
Residential and commercial energy-storage revenue rose significantly, driven by product iterations tailored to local demand and expansion across diverse storage applications.
- H1 2026 revenue and profit soared on energy storage and inverter growth, with robust dividends.605117
Q2 2026 - Q1 2026 revenue and profit soared over 68% year-over-year on strong global energy storage demand.605117
Q1 2026 - 2025 revenue up 9.08% to RMB 12.22B, net profit RMB 3.17B, with robust global new energy growth.605117
Q4 2025 - Nine-month revenue up 10.36%, but Q3 net profit and EPS declined amid margin pressure.605117
Q3 2025 - Net profit up 23.18% YoY; major cash dividend and capacity expansion underway.605117
Q2 2025 - Q3 net profit soared 230% year-over-year on booming energy storage and inverter sales.605117
Q3 2024 - Net profit fell 2.21% in H1 2024, but storage and dehumidifier sales surged.605117
Q2 2024 - Net profit surged 63% in Q1 2025 on strong inverter and battery sales.605117
Q1 2025
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