Zhejiang JIULI Hi-tech Metals (002318) investor relations material

Executive summary

• 9M 2026 revenue fell 37.52% YoY to ¥6.089bn; net income attributable to shareholders fell 64.06% to ¥453.4m, with non-recurring gains contributing ¥255.4m.

• Q3 revenue declined 39.44% YoY to ¥2.205bn and attributable net income declined 86.01% to ¥60.7m.

• Weaker demand, delayed overseas deliveries and a high prior-year project-delivery base weighed on revenue; disposal-related investment income supported 9M results.

Financial highlights

• 9M operating income was ¥561.6m versus ¥1.586bn a year earlier; attributable net income was ¥453.4m versus ¥1.262bn.

• 9M adjusted for non-recurring items, attributable net income was ¥197.9m, down 83.46% YoY; Q3 adjusted net income was ¥40.6m, down 90.07%.

• 9M revenue was ¥6.089bn, down 37.52%; operating costs were ¥4.885bn, down 32.92% YoY.

• 9M investment income rose to ¥293.1m from ¥99.2m, mainly from disposing of part of the Yongxing Materials equity stake.

Key financial ratios and metrics

• Basic and diluted EPS were ¥0.47 for 9M, down 64.66% YoY; Q3 EPS was ¥0.06, down 86.96%.

• Weighted average ROE was 5.40% for 9M, down 10.55 percentage points YoY; Q3 ROE was 0.76%, down 4.69 percentage points.

• Total assets were ¥13.959bn at quarter-end, up 0.30% from year-end; parent shareholders’ equity was ¥7.875bn, down 8.55%.