China Jushi Co. (600176) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months reached RMB 13.90 billion, up 19.53% year-over-year, driven by higher product sales volume and prices.

• Net profit attributable to shareholders was RMB 2.57 billion, a 67.51% increase year-over-year.

• Basic and diluted EPS for the period were RMB 0.6415, up 67.49% year-over-year.

Financial highlights

• Operating income for Q3 was RMB 4.80 billion, up 23.17% compared to the same quarter last year.

• Gross margin improved, with profit before tax for the nine months at RMB 3.23 billion, up 73.16% year-over-year.

• Net cash flow from operating activities for the nine months was RMB 2.13 billion, up 99.20% year-over-year.

• Total assets at quarter-end were RMB 54.55 billion, up 2.20% from the previous year-end.

• Shareholders' equity attributable to listed company shareholders increased 5.23% to RMB 31.61 billion.

Outlook and guidance

• Profit growth attributed to increased product sales and higher prices, with management expecting continued positive momentum.