Ningbo Tuopu Group (601689) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 8.06% YoY to RMB 22.62bn, while net profit attributable to shareholders fell 15.48% to RMB 1.66bn.

• Q3 revenue increased 5.28% YoY to RMB 8.42bn; Q3 attributable net profit declined 4.78% to RMB 639.5m.

Financial highlights

• 9M operating costs were RMB 20.88bn versus RMB 18.95bn a year earlier; operating profit was RMB 1.88bn versus RMB 2.24bn.

• 9M net income was RMB 1.67bn versus RMB 1.97bn; comprehensive income totaled RMB 1.50bn versus RMB 2.11bn.

• Adjusted for non-recurring items, 9M attributable net profit was RMB 1.51bn, down 16.84% YoY; Q3 adjusted profit was RMB 603.1m, down 7.91%.

Key financial ratios and metrics

• 9M basic and diluted EPS were RMB 0.96, down 15.79% YoY; Q3 EPS was RMB 0.37, down 15.79%.

• 9M weighted average ROE was 6.83%, down 2.12 percentage points YoY; Q3 ROE was 2.71%, down 0.22 percentage points.

• Total assets were RMB 43.55bn at quarter-end, down 0.88% from year-end 2025; parent shareholders’ equity was RMB 24.74bn, up 2.67%.