Jiangsu King's Luck Brewery Joint-Stock Co. (603369) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 15.54% YoY to RMB 2.230bn; net profit attributable to shareholders increased 31.59% to RMB 421.5m, following a lower prior-year comparison.

• 9M revenue declined 2.42% YoY to RMB 8.666bn and net profit fell 1.80% to RMB 2.503bn; operating cash flow more than doubled to RMB 2.126bn.

Financial highlights

• Q3 total profit increased 35.32% YoY to RMB 560.0m; adjusted for non-recurring items, attributable net profit was RMB 425.3m, up 32.60%.

• 9M total operating costs were RMB 5.366bn, down from RMB 5.644bn YoY; selling expenses fell to RMB 1.538bn from RMB 1.610bn.

• 9M operating profit was RMB 3.357bn versus RMB 3.378bn YoY; reported net profit was RMB 2.503bn versus RMB 2.549bn.

Key financial ratios and metrics

• Q3 basic and diluted EPS were RMB 0.3381, up 31.61% YoY; 9M EPS was RMB 2.0077, down 1.80%.

• 9M weighted-average return on equity was 14.46%, down 1.24 percentage points YoY; Q3 return on equity was 2.43%, up 0.42 percentage points.

• At Sept. 30, total assets were RMB 26.286bn, up 1.49% from year-end; attributable equity was RMB 17.570bn, up 6.08%.