Hangzhou Greatstar Industrial (002444) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 11.76% YoY to ¥4.615bn, while net profit attributable to shareholders fell 16.28% to ¥738.6m; 9M revenue grew 10.15% and attributable profit declined 5.19%.

Financial highlights

• 9M adjusted net profit, excluding non-recurring items, was ¥2.000bn, down 1.73% YoY; Q3 adjusted net profit was ¥724.4m, down 7.27%.

• 9M operating profit was ¥2.434bn versus ¥2.576bn a year earlier; net income was ¥2.075bn versus ¥2.211bn.

• 9M investment income reached ¥432.6m, including ¥431.9m from associates and joint ventures.

• 9M non-recurring gains totaled ¥43.0m, including ¥23.7m in government grants and ¥17.1m in entrusted investment or asset-management income.

Key financial ratios and metrics

• Q3 basic and diluted EPS were ¥0.6184, each down 16.29% YoY; 9M basic and diluted EPS were ¥1.7107, each down 5.19%.

• Weighted average ROE was 3.72% in Q3, down 1.11 percentage points YoY, and 10.57% for 9M, down 1.63 percentage points.

• Total assets were ¥27.436bn at quarter-end, up 16.13% from year-end; equity attributable to shareholders was ¥19.845bn, up 5.48%.