China XD Electric Co (601179) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 16.27% YoY and attributable net profit rose 36.88%; 9M revenue increased 10.80% and profit rose 22.95%.

• Sales expansion and a higher share of high-margin products drove stronger quarterly earnings; the 9M total profit increase was attributed to the same factors.

Financial highlights

• Q3 revenue was RMB 6.578bn; 9M revenue was RMB 18.791bn, up 10.80% YoY.

• 9M operating profit reached RMB 1.737bn and total profit RMB 1.721bn, versus RMB 1.303bn operating profit and RMB 1.314bn total profit a year earlier.

• 9M attributable net income was RMB 1.154bn, up 22.95%; excluding non-recurring items, net income was RMB 1.183bn, up 28.15%.

• Total assets were RMB 47.129bn at quarter-end, down 3.77% from year-end; attributable equity was RMB 23.585bn, up 2.63%.

Key financial ratios and metrics

• Q3 basic and diluted EPS were RMB 0.0909, up 36.90% YoY; 9M EPS was RMB 0.2251, up 22.94%.

• Weighted-average ROE was 1.98% for Q3, up 0.46 percentage points YoY, and 4.96% for 9M, up 0.76 percentage points.