Ginlong Technologies (300763) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 14.34% YoY to ¥2.137bn, while net income fell 48.40% to ¥135.9m; 9M revenue increased 6.29% to ¥6.019bn and net income declined 35.42% to ¥558.9m.

• Earnings pressure reflected FX losses and share-based compensation; disposal of part of the distributed solar portfolio generated substantial investing cash inflows but an investment loss.

Financial highlights

• Q3 adjusted net income was ¥141.6m, down 44.12% YoY; 9M adjusted net income was ¥553.8m, down 30.97%.

• 9M operating profit was ¥614.7m versus ¥893.6m a year earlier; net income was ¥558.9m versus ¥865.5m.

• 9M R&D expense rose 30.02% to ¥442.9m, citing higher investment and share-based compensation expense.

• 9M operating cash flow was ¥1.596bn, down 6.49% YoY; investing cash flow was ¥1.568bn versus ¥269.8m a year earlier.

Key financial ratios and metrics

• Q3 basic and diluted EPS were ¥0.34, down 49.25% YoY; 9M EPS was ¥1.41, down 35.62%.

• Weighted average ROE was 1.42% in Q3, down 1.51 percentage points YoY; 9M ROE was 5.99%, down 3.94 points.

• Total assets were ¥21.110bn at quarter-end, up 8.98% from year-end; equity attributable to shareholders was ¥9.608bn, up 6.14%.