Befar Group (601678) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 16.59% YoY to RMB 4.423bn, while net profit attributable to shareholders fell 81.67% to RMB 14.82m as input costs outpaced product-price increases.

• For 9M 2026, revenue increased 13.77% YoY to RMB 12.683bn and attributable net profit rose 86.37% to RMB 358.41m.

Financial highlights

• Q3 total profit was RMB 30.02m, down 81.50% YoY; adjusted net profit, excluding non-recurring items, was a loss of RMB 29.08m, down 126.66%.

• 9M total profit was RMB 516.05m, up 61.29% YoY; adjusted net profit was RMB 257.31m, up 168.62%.

• 9M basic EPS was RMB 0.1773, up 79.27% YoY; diluted EPS was RMB 0.1759, up 78.94%.

• 9M non-recurring gains totaled RMB 101.10m; Q3 non-recurring gains totaled RMB 43.90m.

Segment performance

• 9M average prices for propylene oxide, epichlorohydrin and propylene rose significantly YoY, increasing gross profit and supporting higher total profit.