Changzhou Xingyu Automotive Lighting Systems Co. (601799) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 8.67% YoY to RMB 3.610B; net income attributable to shareholders declined 39.62% to RMB 262.4M.

• 9M revenue decreased 2.02% YoY to RMB 10.494B, while attributable net income fell 18.34% to RMB 931.7M.

• Lower revenue, sharply higher raw-material prices and increased R&D expense weighed on Q3 earnings.

Financial highlights

• Q3 total profit was RMB 272.5M, down 45.14% YoY; net income excluding non-recurring items was RMB 230.9M, down 45.86%.

• 9M total profit was RMB 984.4M, down 22.41% YoY; adjusted net income was RMB 881.5M, down 20.86%.

• 9M operating costs totaled RMB 9.674B; R&D expense was RMB 719.8M versus RMB 640.6M in the prior-year period.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 0.93 in Q3, each down 39.22% YoY; 9M EPS was RMB 3.30, down 17.91%.

• Weighted average ROE was 2.30% for Q3 and 8.17% for 9M, down 1.69 and 2.61 percentage points, respectively.

• Period-end total assets were RMB 18.427B, down 4.75% from year-end; parent shareholders’ equity was RMB 11.480B, up 0.72%.