Hangcha Group (603298) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 7.45% YoY, while attributable net income fell 9.76%; 9M revenue increased 8.25% and net income rose 2.11%.

• 9M operating cash flow improved 19.90% YoY to RMB 825.8m, alongside higher total assets and shareholders’ equity at period-end.

Financial highlights

• Q3 revenue was RMB 5.024bn, up 7.45% YoY; 9M revenue was RMB 15.124bn, up 8.25%.

• Q3 profit before tax was RMB 712.5m, down 6.16%; attributable net income was RMB 575.1m, down 9.76%.

• 9M profit before tax was RMB 2.042bn, up 0.19%; attributable net income was RMB 1.790bn, up 2.11%.

• 9M adjusted net income, excluding non-recurring items, was RMB 1.780bn, up 3.81%; Q3 adjusted net income was RMB 578.2m, down 7.24%.

• 9M operating income was RMB 2.045bn; investment income was RMB 312.3m versus RMB 395.7m in the prior-year period.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 0.44 in Q3, down 10.20% YoY; 9M EPS was RMB 1.37, up 2.24%.

• Weighted average ROE was 4.73% in Q3, down 1.09 percentage points; 9M ROE was 14.75%, down 1.49 percentage points.

• Total assets were RMB 21.989bn at quarter-end, up 11.57% from year-end 2025; parent-attributable equity was RMB 12.725bn, up 9.62%.