Guangdong Haid Group (002311) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 4.95% YoY to ¥39.11B, while net income attributable to shareholders fell 13.81% to ¥1.30B; 9M revenue grew 7.55% and net income declined 29.83%.

• 9M operating cash flow increased 20.72% YoY to ¥6.06B, providing a stronger operating cash contribution despite lower earnings.

Financial highlights

• 9M revenue was ¥103.35B versus ¥96.09B; consolidated operating profit was ¥3.78B versus ¥4.78B, and net profit was ¥3.06B versus ¥4.36B.

• 9M net income attributable to shareholders was ¥2.91B, down 29.83% YoY; excluding non-recurring items, it was ¥2.40B, down 42.45%.

• Non-recurring gains totaled ¥503.0M for 9M, including ¥550.4M from financial asset fair-value changes and disposals, partly offset by other non-recurring losses.

Key financial ratios and metrics

• 9M basic and diluted EPS were ¥1.77, down 28.92% YoY; Q3 EPS was ¥0.79, down 12.22%.

• 9M weighted average ROE was 11.52%, down 5.15% YoY; period-end total assets were ¥55.35B, up 16.30% from year-end.

• Shareholders’ equity attributable to owners was ¥25.68B at quarter-end, up 5.92% from year-end.