Keda Industrial Group (600499) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue reached RMB 15.827bn, up 25.55% YoY; net profit attributable to parent shareholders was RMB 1.911bn, up 66.30%.

• Growth reflected stronger building-materials earnings and higher investment income from associate Lanke Lithium, alongside improved new-energy equipment profits.

Financial highlights

• 9M total profit was RMB 3.413bn, up 60.42% YoY; operating profit was RMB 3.478bn versus RMB 2.093bn in 9M 2025.

• 9M adjusted net profit attributable to parent shareholders was RMB 1.929bn, up 81.74%; Q3 reported and adjusted figures were RMB 626.6m and RMB 629.5m, up 55.06% and 74.07%, respectively.

• 9M basic and diluted EPS were RMB 1.000 each; both rose 63.13% YoY. Q3 EPS was RMB 0.327, up 54.25%.

• 9M net cash from operating activities was RMB 2.201bn, up 41.05% YoY; net income was RMB 2.872bn, including RMB 1.911bn attributable to parent shareholders.

Outlook and guidance

• Continue ceramic machinery product upgrades, strengthen overseas service coverage, and consolidate traditional markets while expanding in newer regions.

• Expand overseas building-materials capacity in line with regional demand; advance the Baotou integrated graphite anode project in phases based on orders.