Dongjiang Environmental Company (895) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was RMB2.210bn, down 7.90% YoY; attributable net loss narrowed 26.33% to RMB412.3m.

• Q3 revenue was RMB852.2m, down 5.27% YoY; attributable net loss was RMB143.8m, narrowed 48.89% YoY.

• Financial statements were prepared under China Accounting Standards for Business Enterprises and were unaudited.

Financial highlights

• 9M operating profit was a loss of RMB483.7m versus RMB536.8m in the prior-year period; net loss was RMB491.5m versus RMB646.7m.

• 9M operating costs were RMB2.661bn, down from RMB2.961bn YoY; operating revenue was RMB2.210bn versus RMB2.400bn.

• 9M adjusted for extraordinary items, attributable net loss was RMB412.1m, improving 14.69% YoY; reported attributable net loss was RMB412.3m.

• 9M impairment loss on assets was RMB38.1m versus RMB8.7m; finance costs were RMB113.6m versus RMB138.1m.

Outlook and guidance

• Plan to dispose of the 70% interest in Xiongfeng Environmental and seek cash recovery; production reduction and suspension arrangements are in place while audit and valuation work proceeds.

• Listing plan and required approvals for the disposal are expected to be confirmed after formal audit and valuation reports are issued.