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TBEA (600089) investor relations material
TBEA Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue rose 18.18% YoY in Q3 and 17.38% YoY in 9M 2026; reported attributable net profit fell 56.97% and 35.41%, respectively, as fair-value losses on investments increased.
Excluding non-recurring items, attributable profit rose 9.44% in Q3 and declined 0.36% in 9M, indicating broadly stable core earnings.
Financial highlights
Q3 revenue was RMB 29.03bn; 9M revenue was RMB 85.59bn, versus RMB 72.92bn in 9M 2025.
Q3 profit attributable to shareholders was RMB 989.9m; 9M was RMB 3.542bn, down 56.97% and 35.41% YoY, respectively.
Q3 profit before tax was RMB 1.242bn, down 57.40%; 9M profit before tax was RMB 5.204bn, down 29.09%.
9M operating cash flow reached RMB 7.419bn, up 21.41% YoY.
Key financial ratios and metrics
9M basic and diluted EPS were RMB 0.7056, versus RMB 1.0924 in 9M 2025; Q3 basic and diluted EPS were RMB 0.1972, down 56.96% YoY.
9M weighted-average return on equity was 4.9731%, down 3.2071 percentage points YoY; Q3 was 1.3872%, down 2.0553 points.
Total assets were RMB 255.19bn at Sep. 30, 2026, up 12.34% from year-end 2025; equity attributable to shareholders was RMB 76.56bn, up 2.91%.
- Revenue up 16.97% but net profit down 19.84% amid margin pressure and non-recurring losses.600089
Q2 2026 - Revenue and net profit grew year-over-year, but operating cash flow fell sharply on lower coal prices.600089
Q1 2026 - Net profit surged 43.69% to ¥5.95B, with strong power transmission and gold growth.600089
H2 2025 - Net profit fell 54.17% year-over-year on lower polysilicon and coal prices, despite stable revenue.600089
Q3 2024 - Net profit dropped 59% as polysilicon prices collapsed, despite growth in power segments.600089
H1 2024 - Net profit soared 81.5% in Q3 2025, driven by fair value gains and non-recurring items.600089
Q3 2025 - Revenue and net profit grew modestly; power equipment, international gains offset new energy, coal declines.600089
H1 2025 - 2024 profit fell 61% on polysilicon slump; 2025 revenue target set at RMB 105 billion.600089
H2 2024 - Net profit fell nearly 20% in Q1 2025 amid weaker polysilicon and coal prices.600089
Q1 2025
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