Jiangsu Eastern Shenghong (000301) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 26.65% YoY to RMB 22.919bn amid scheduled maintenance; attributable net profit rose 155.08% to RMB 143.1m, while September alone delivered RMB 1.275bn net profit after project loads stabilized.

• 9M revenue edged up 0.74% YoY to RMB 92.843bn; attributable net profit reached RMB 4.643bn.

Financial highlights

• 9M net profit was RMB 4.725bn versus RMB 109.7m a year earlier; operating profit was RMB 6.223bn versus an operating loss of RMB 216.8m.

• 9M adjusted attributable net profit, excluding non-recurring gains and losses, was RMB 4.358bn; Q3 adjusted attributable net profit was RMB 42.7m.

• 9M R&D expenses rose 98.10% YoY to RMB 974.7m; investment income increased to RMB 603.2m, mainly from disposal of trading financial assets.

Outlook and guidance

• Refining and chemical project loads stabilized at end-August; September attributable net profit reached RMB 1.275bn after maintenance-related disruption in July and August.