FAW Jiefang Group (000800) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue reached RMB 51.19bn, up 16.34% YoY; attributable net income was RMB 502.7m, up 35.08% YoY.

• Q3 revenue was RMB 13.61bn, down 14.47% YoY, and attributable net income was RMB 196.2m, down 44.33% YoY.

Financial highlights

• 9M operating profit was RMB 316.2m versus RMB 82.5m a year earlier; net profit was RMB 539.0m versus RMB 407.6m.

• 9M attributable net income excluding FX gains/losses was RMB 686m versus RMB 399m, up 71.94% YoY; Q3 was RMB 279m versus RMB 324m, down 13.70%.

• Excluding both non-recurring items and FX effects, attributable net income was RMB 320m for 9M versus a RMB 123m loss, up 360.89%; Q3 was RMB 187m versus RMB 198m, down 5.70%.

• 9M operating cash flow was a RMB 2.98bn outflow versus a RMB 3.51bn inflow in the prior-year period.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 0.1021 for 9M, up 35.05% YoY; Q3 EPS was RMB 0.0399, down 44.27%.

• Weighted average ROE was 1.87% for 9M, down 0.59 percentage points YoY; Q3 ROE was 0.74%, up 0.46 percentage points.

• Total assets were RMB 72.97bn at quarter-end, up 0.64% from year-end; attributable equity was RMB 26.54bn, up 0.26%.