Qinghai Salt Lake Industry
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Qinghai Salt Lake Industry (000792) investor relations material

Qinghai Salt Lake Industry Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary29 Oct, 2026

Executive summary

  • 9M revenue was RMB 18.985bn, up 58.37% YoY; net income attributable to shareholders was RMB 8.940bn, up 90.09% YoY.

  • Adjusted net income, excluding non-recurring gains and losses, was RMB 8.774bn, up 88.37% YoY.

  • Q3 revenue rose 25.39% YoY to RMB 5.933bn, while attributable net income rose 31.36% to RMB 2.772bn.

Financial highlights

  • 9M operating cash flow was RMB 9.839bn, up 7.59% YoY; Q3 basic EPS was RMB 0.5238, up 31.38% YoY.

  • 9M tax and surcharges increased 61.58% YoY to RMB 1.194bn, reflecting higher revenue; R&D expense rose 30.97% to RMB 104.7m.

  • Financial expense was a net gain of RMB 236.8m, versus RMB 173.2m a year earlier, mainly due to higher interest income.

Segment performance

  • Potash fertilizer 9M revenue was RMB 8.409bn, up 10.49% YoY; total profit was RMB 4.993bn, up 11.08%, on production of 3.0853m tonnes.

  • Lithium salts 9M revenue was RMB 8.881bn, up 362.79% YoY; total profit was RMB 7.043bn, up 658.13%.

  • Lithium carbonate production reached 79,600 tonnes, up 151.69% YoY; average gross margin was ~86%, and the 40,000-tonne integrated project reached designed capacity and standards.

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Frequently asked questions

Qinghai Salt Lake Industry Co., Ltd. is engaged in the extraction, production, and sale of chemical products, primarily derived from salt lake resources. The company's portfolio includes potassium chloride, lithium carbonate, and other chemical materials used in agriculture, energy storage, and industrial applications. The company is headquartered in Xining, China, and its shares are listed on the Shenzhen Stock Exchange (SZSE).