Dynagreen Environmental Protection Group (1330) Q3 2026 earnings summary

Executive summary

• Unaudited 9M 2026 results under PRC GAAP: revenue rose 11.43% YoY to RMB2.877bn; attributable net profit increased 16.90% to RMB732.3m.

• Total profit grew 26.19%, supported by higher revenue and gross margin, lower financial expenses, and increased VAT refund income.

Financial highlights

• Q3 revenue was RMB1.000bn, up 11.39% YoY; total profit was RMB366.5m, up 21.61%; attributable net profit was RMB267.7m, up 7.42%.

• 9M adjusted net profit, excluding extraordinary gains and losses, reached RMB729.5m, up 17.13% YoY; non-recurring gains netted RMB2.9m.

• 9M operating profit increased to RMB1.006bn from RMB797.2m; net profit was RMB769.4m versus RMB648.1m.

Segment performance

• 9M waste input volume was 11.7146m tonnes, up 7.26% YoY; electricity generation reached 4,167.4m kWh, up 7.78%.

• 9M on-grid electricity was 3,470.7m kWh, up 8.25% YoY; steam supplied was 1.0407m tonnes, up 32.05%.

• Q3 operations recorded 4.0543m tonnes of waste input, 1,430.3m kWh generated, 1,210.3m kWh on-grid and 376,500 tonnes of steam supplied.