Tian Tu Capital (1973) investor relations material

Executive summary

• Jan–Sep 2026 operating revenue was RMB233.52m, down 3.62% YoY; net profit attributable to shareholders was RMB64.85m, down 52.18% YoY.

• Q3 revenue fell 84.51% YoY to RMB20.09m, while attributable net profit turned to a RMB7.39m loss.

Financial highlights

• Jan–Sep net profit excluding non-recurring gains and losses was RMB64.89m, down 52.16% YoY; the decline was primarily attributed to higher administrative expenses.

• Q3 revenue decline was primarily attributed to higher fair-value-change gains or losses recorded in Q3 2025.

• Jan–Sep operating profit was RMB72.67m versus RMB135.28m; investment gains were RMB796.37m versus an investment loss of RMB25.18m.

• Other comprehensive loss, net of tax, was RMB87.26m versus RMB36.16m; foreign-currency translation differences accounted for RMB86.72m of the current-period loss.

Key financial ratios and metrics

• Basic EPS for Jan–Sep was RMB0.09 versus RMB0.20; weighted average return on net assets was 0.99% versus 2.08%.

• At Sep. 30, 2026, consolidated gearing was 48.16% versus 51.34% at Dec. 31, 2025; parent-company gearing was 11.41% versus 11.55%.

• Total assets were RMB12.42bn, down 7.96% from year-end 2025; attributable net assets were RMB6.41bn, down 1.94%.