Huizhou Desay SV Automotive (002920) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 23.75% YoY to ¥9.52bn; net profit attributable to shareholders increased 4.54% to ¥590.8m, while adjusted net profit declined 0.57% to ¥568.1m.

• 9M revenue grew 9.33% YoY to ¥24.42bn and attributable net profit rose 2.67% to ¥1.84bn; operating cash flow fell 63.90% to ¥815.6m.

Financial highlights

• 9M operating revenue was ¥24.42bn versus ¥22.34bn a year earlier; operating costs were ¥20.72bn versus ¥17.94bn.

• 9M attributable net profit was ¥1.835bn; adjusted for non-recurring items, it was ¥1.793bn, up 4.04% YoY.

• 9M basic and diluted EPS were both ¥3.10, down 4.02% and 3.73% YoY, respectively.

Key financial ratios and metrics

• Weighted average ROE was 3.62% in Q3 and 11.63% for 9M, down 2.06 and 6.47 percentage points YoY, respectively.

• Total assets were ¥32.16bn at Sept. 30, up 7.77% from year-end 2025; attributable equity was ¥16.57bn, up 7.49%.