Ningbo Fubang Jingye Group Co (600768) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 54.65% YoY to RMB 459.7m, while attributable net loss was RMB 8.5m; 9M revenue increased 78.06% to RMB 1,484.6m and attributable net profit reached RMB 50.0m.

• 9M profitability benefited from higher silver prices and investment income partly associated with assets classified as held for sale; Q3 silver-price volatility pressured margins.

Financial highlights

• Q3 total loss was RMB 14.5m, attributable net loss RMB 8.5m, and adjusted attributable net loss RMB 8.7m; respective YoY changes were -194.53%, -231.24%, and -257.96%.

• 9M total profit was RMB 107.5m, attributable net profit RMB 50.0m, and adjusted attributable net profit RMB 39.8m; YoY growth was 149.76%, 210.04%, and 199.86%, respectively.

Segment performance

• Higher silver prices lifted electrical-contact product sales revenue in Q3 and 9M, contributing to total revenue growth of 54.65% and 78.06% YoY, respectively.