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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 Energy New Material
Yunnan Energy New Material (002812) investor relations material
Yunnan Energy New Material Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary26 Oct, 2026
Executive summary
Q3 revenue was ¥5.56bn, up 46.95% YoY; 9M revenue reached ¥14.23bn, up 49.07% YoY, as sales volume increased and pricing stabilized.
9M net income attributable to shareholders was ¥1.79bn, versus a loss of ¥86.3m a year earlier; adjusted net income was ¥1.83bn.
Financial highlights
9M operating cash flow rose 132.72% YoY to ¥2.04bn, supported by increased cash receipts from sales and services.
9M operating profit was ¥2.56bn; total net income was ¥2.03bn, including ¥233.5m attributable to minority shareholders.
9M revenue was ¥14.23bn versus ¥9.54bn a year earlier; reported net income attributable to shareholders was ¥1.79bn versus a prior-year loss of ¥86.3m.
Outlook and guidance
Plans call for a 5bn-square-meter annual lithium-battery separator project in Rong County, Zigong, with expected total investment of ¥4bn; project registration and filing were completed.
Investment plans were adjusted in response to external market conditions, industry competition and strategic priorities; the Malaysia separator project was terminated to optimize resource allocation and reduce investment risk.
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Latest events from Yunnan Energy New Material
- H1 revenue up 50% to ¥8.67B, net profit at ¥820M, lithium separator sales lead growth.002812
H1 2026 - Returned to profitability with 34% revenue growth and record lithium battery separator sales.002812H2 2025
- Revenue up 43% and net profit up 902% year-over-year in Q1 2026, with major management changes.002812Q1 2026
- Revenue up 27.85% but net profit turned negative; major restructuring and project changes.002812Q3 2025
- Revenue up 20.5% but net loss of ¥93M as margin pressure offsets global sales growth.002812H1 2025
- Q3 net profit plunged nearly 80% year-over-year amid overseas expansion and regulatory warnings.002812Q3 2024
- Net profit fell 79% year-over-year as price competition and costs pressured margins.002812H1 2024
- Revenue dropped 15.6% with a net loss, but global expansion and R&D investment continued.002812H2 2024
- Revenue up, profit down sharply; major supply deals secure future growth.002812Q1 2025
Next Yunnan Energy New Material earnings date
H2 202623 Apr, 2027
Yunnan Energy New Material
Next Yunnan Energy New Material earnings date
H2 202623 Apr, 2027
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