Glodon Company (002410) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 1.464bn, down 1.50% YoY; net income attributable to shareholders was RMB 73.7m, down 0.29% YoY.

• 9M revenue was RMB 4.077bn, down 4.51% YoY; attributable net income was RMB 274.1m, down 11.91%, and net income excluding nonrecurring items was RMB 232.6m, down 15.55%.

Financial highlights

• 9M operating profit was RMB 336.0m versus RMB 381.7m YoY; net profit was RMB 305.4m versus RMB 340.2m.

• 9M operating revenue was RMB 4.077bn versus RMB 4.270bn; operating costs were RMB 3.745bn versus RMB 3.918bn.

• 9M nonrecurring gains totaled RMB 41.4m, primarily government grants, financial product fair-value gains and investment-management returns.

Key financial ratios and metrics

• 9M basic and diluted EPS were both RMB 0.1673; basic EPS declined 11.67% YoY and diluted EPS declined 11.34%.

• Weighted average ROE was 4.56% for 9M, down 0.66 percentage points YoY; Q3 ROE was 1.25%, down 0.03 percentage points.

• Total assets were RMB 9.468bn at quarter-end, down 6.89% from year-end; equity attributable to shareholders was RMB 5.939bn, down 1.81%.