HEBEI YANGYUAN ZHIHUI BEVERAGE (603156) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was RMB 1.495bn, up 3.85% YoY, while net profit attributable to shareholders fell 26.29% to RMB 276.5m. 9M revenue increased 27.92% to RMB 4.996bn and attributable net profit rose 1.03% to RMB 1.131bn.

• 9M operating cash flow was negative RMB 57.6m; total assets were RMB 10.523bn at quarter-end, down 20.26% from year-end 2025.

Financial highlights

• Q3 adjusted net profit was RMB 274.7m, down 17.14% YoY; 9M adjusted net profit was RMB 1.059bn, up 10.45%.

• 9M operating income was RMB 4.996bn; operating costs totaled RMB 3.547bn, including RMB 2.936bn in operating costs.

• 9M total profit was RMB 1.619bn versus RMB 1.415bn in 9M 2025; net profit was RMB 1.131bn versus RMB 1.119bn.

• At quarter-end, equity attributable to shareholders was RMB 8.080bn, down 10.41% from year-end 2025.

Key financial ratios and metrics

• Basic EPS was RMB 0.2195 in Q3, down 26.24% YoY; 9M EPS was RMB 0.8971, up 1.04%.

• Weighted average ROE was 3.59% for Q3, down 0.33 percentage points YoY, and 12.76% for 9M, up 1.68 percentage points.