Angel Yeast (600298) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB4.421b, up 13.73% YoY; attributable net income was RMB290.2m, down 8.46%, and adjusted attributable net income was RMB221.4m, down 0.94%.

• 9M revenue reached RMB13.608b, up 15.45% YoY; attributable net income was RMB1.171b, up 4.90%, and adjusted attributable net income was RMB1.015b, up 5.18%.

Financial highlights

• 9M total profit was RMB1.475b versus RMB1.392b in the prior-year period; consolidated net profit was RMB1.194b versus RMB1.151b.

• 9M operating cash flow was RMB1.712b, down 22.8% YoY.

• Q3 basic EPS was RMB0.34, down 8.11% YoY; 9M basic EPS was RMB1.37, up 5.38%.

Key financial ratios and metrics

• Q3 weighted average ROE was 2.33%, down 0.45 percentage points YoY; 9M ROE was 9.4%, up 0.5 percentage points.

• Total assets were RMB26.498b at quarter-end, up 4.08% from year-end; equity attributable to parent shareholders was RMB12.801b, up 6.47%.

• 9M diluted EPS was RMB1.35 versus RMB1.30 in the prior-year period.