Ningbo Deye Technology Group Co (605117) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 97.49% YoY to RMB 6.539B; attributable net income increased 88.50% to RMB 1.555B, supported by higher residential and commercial storage sales.

• For 9M 2026, revenue grew 94.20% YoY to RMB 17.180B and attributable net income rose 82.03% to RMB 4.272B.

Financial highlights

• Q3 total profit reached RMB 1.830B, up 82.92% YoY; net income attributable to shareholders was RMB 1.555B, up 88.50%.

• 9M total profit was RMB 4.942B, up 80.55% YoY; adjusted attributable net income, excluding non-recurring items, was RMB 3.992B, up 75.18%.

• 9M operating cash flow reached RMB 7.117B, up 167.35% YoY.

• 9M non-recurring gains totaled RMB 280.1M, including government grants, financial-asset gains and returns from entrusted asset management.

Segment performance

• Residential and commercial energy-storage revenue rose significantly, driven by product iterations tailored to local demand and expansion across diverse storage applications.