NSFOCUS (300369) Q3 2026 earnings summary

Executive summary

• Q3 revenue was ¥485.5m, up 1.26% YoY; attributable net loss was ¥53.9m, versus a 119.19% YoY decline.

• 9M revenue rose 1.41% to ¥1.298bn; attributable net loss narrowed 6.71% to ¥182.9m, while adjusted net loss excluding non-recurring items widened 7.95% to ¥227.6m.

Financial highlights

• 9M operating loss was ¥152.3m, compared with ¥158.9m in the prior-year period; consolidated net loss was ¥182.9m versus ¥196.1m.

• Non-recurring gains totaled ¥44.6m in 9M, including ¥26.8m from asset disposals and ¥31.0m in government grants, partly offset by financial-asset losses.

• 9M financial expenses increased 95.18% to ¥11.0m, mainly due to lower interest income; investment losses were ¥5.9m, including losses from disposal of an investee stake.

• Credit-impairment reversals were ¥14.4m versus ¥48.8m in 9M 2025.

Key financial ratios and metrics

• Basic and diluted EPS were both -¥0.2257 for 9M, versus -¥0.2453 a year earlier.

• Weighted average ROE was -7.16% for 9M, up 0.78 percentage points YoY; Q3 ROE was -2.14%, down 1.14 percentage points YoY.

• Total assets were ¥4.474bn at quarter-end, down 6.37% from year-end; equity attributable to shareholders was ¥2.551bn, down 2.34%.