Beijing SinoHytec (688339) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 27.97% YoY to RMB 40.4m; Q3 net loss attributable to shareholders was RMB 82.5m.

• 9M revenue increased 10.48% YoY to RMB 114.4m, while the attributable net loss narrowed to RMB 186.7m from RMB 311.5m.

• Cost controls, supply-chain coordination, faster inventory turnover and narrower associate investment losses supported the improvement in losses.

Financial highlights

• 9M operating loss was RMB 201.5m versus RMB 362.3m in 9M 2025; total operating costs declined to RMB 262.2m from RMB 350.9m.

• 9M adjusted net loss, excluding non-recurring items, was RMB 196.7m; Q3 adjusted net loss was RMB 96.8m.

• 9M total net loss was RMB 201.8m, including RMB 186.7m attributable to shareholders and RMB 15.0m attributable to minority interests.

Key financial ratios and metrics

• 9M basic and diluted EPS were both RMB -0.78, compared with RMB -1.34 in 9M 2025; Q3 basic and diluted EPS were both RMB -0.34.

• Weighted-average ROE was -9.91% for 9M, an improvement of 3.04 percentage points YoY; Q3 ROE was -4.50%, up 1.86 points YoY.

• 9M R&D investment was RMB 22.2m, down 39.17% YoY; R&D investment was 19.43% of revenue, down 15.86 percentage points.

• Sept. 30 total assets were RMB 3.324bn, down 9.62% from year-end 2025; equity attributable to shareholders was RMB 1.794bn, down 9.33%.