GRG Banking Equipment (002152) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was RMB 2.382bn, down 9.48% YoY; net income attributable to shareholders was RMB 74.3m, down 45.49% YoY.

• 9M revenue declined 5.06% YoY to RMB 7.506bn and attributable net income fell 17.38% to RMB 497.6m; operating cash flow was negative RMB 1.076bn.

Financial highlights

• 9M consolidated net income was RMB 620.3m versus RMB 675.1m a year earlier; attributable net income was RMB 497.6m versus RMB 602.2m.

• 9M adjusted net income, excluding non-recurring items, was RMB 439.9m, down 13.92% YoY; Q3 adjusted net income was RMB 60.1m, down 43.35%.

• 9M operating costs totaled RMB 6.933bn, including cost of revenue of RMB 5.394bn; revenue was RMB 7.506bn.

• Total assets at quarter-end were RMB 26.943bn, down 9.19% from year-end; equity attributable to shareholders was RMB 12.291bn, down 1.55%.

Key financial ratios and metrics

• Basic EPS was RMB 0.03 in Q3, down 40.00% YoY, and RMB 0.20 for 9M, down 16.67%.

• Weighted average ROE was 0.60% in Q3, down 0.48 percentage points YoY; 9M ROE was 3.98%, down 0.79 percentage points.