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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Yunnan Baiyao Group
Yunnan Baiyao Group (000538) investor relations material
Yunnan Baiyao Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue rose 10.38% YoY to RMB 10,372,987,344.38; net profit attributable to shareholders fell 2.01% to RMB 1,121,182,700.53.
YTD revenue increased 5.23% to RMB 32,257,063,315.53, while attributable net profit edged up 0.95% to RMB 4,822,353,319.20.
Financial highlights
Q3 net profit excluding non-recurring gains rose 2.15% YoY to RMB 1,112,491,332.88; basic EPS was RMB 0.63, down 1.56%.
YTD net profit excluding non-recurring gains increased 1.78% to RMB 4,630,906,875.24; basic EPS was RMB 2.70, up 0.75%.
YTD operating cash flow increased 9.38% to RMB 4,874,150,192.22.
YTD total operating costs rose to RMB 27,521,012,106.28 from RMB 26,074,760,939.86; operating costs were RMB 22,860,962,676.11.
Segment performance
Commercial operations drove higher credit impairment losses, primarily from increased bad-debt provisions.
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Latest events from Yunnan Baiyao Group
- H1 2026 saw steady revenue and profit growth, robust dividends, and increased R&D investment.000538
Q2 2026 - Q1 2026 saw 7.02% revenue growth and 5.31% net profit increase, with strong cash flow.000538Q1 2026
- Record revenue and profit, strong segment growth, and high dividends marked 2025.000538H2 2025
- YTD net profit rose 10.41% to ¥4.78B, with strategic acquisitions and special dividends.000538Q3 2025
- Net profit surged 13.93% YoY to RMB 3.63 billion on record H1 revenue and strong segment growth.000538H1 2025
- Q3 revenue rose modestly, but net profit fell on lower non-recurring gains; cash flow improved.000538Q3 2024
- Net profit up 12.76% to RMB 3.19B, revenue up 0.72%, with improved margins and cash flow.000538H1 2024
- Net profit rose 13.67% YoY in Q1 2025, with strong industrial segment growth.000538Q1 2025
- Net profit surged 16% to RMB 4.75B, with a 90% payout ratio and record R&D investment.000538H2 2024
Next Yunnan Baiyao Group earnings date
H2 202631 Mar, 2027
Yunnan Baiyao Group
Next Yunnan Baiyao Group earnings date
H2 202631 Mar, 2027
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Frequently asked questions
Yunnan Baiyao Group Co., Ltd. specializes in the research, development, production, and sale of pharmaceutical and healthcare products. The company’s offerings include traditional Chinese medicine (TCM) products, over-the-counter (OTC) medications, personal care items, and health supplements. Its products are widely used in areas such as wound care, pain relief, and overall health maintenance. The company is headquartered in Kunming, China, and its shares are listed on the SZSE.