Shandong Hualu-Hengsheng Chemical (600426) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 7.79 billion, down 5.07% year-over-year; YTD revenue was RMB 23.55 billion, down 6.46% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 805 million, down 2.38% year-over-year; YTD net profit was RMB 2.37 billion, down 22.14% year-over-year.

• Total assets at quarter-end reached RMB 49.26 billion, up 5.57% from the previous year-end.

Financial highlights

• Operating cash flow for the first nine months was RMB 3.30 billion, down 15.23% year-over-year.

• Basic and diluted EPS for Q3 was RMB 0.38, down 2.06% year-over-year; YTD EPS was RMB 1.119, down 22.08% year-over-year.

• Gross margin and operating profit margin declined due to lower revenue and higher costs.

• Non-recurring gains for the first nine months totaled RMB 18.07 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• Management did not provide explicit forward-looking guidance in this report.