Shanghai Putailai New Energy Technology (603659) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 53.48% YoY to RMB 5.744B; 9M revenue increased 46.43% to RMB 15.858B, with growth attributed to expanding battery markets, broad product and industry-chain coverage, and better cost and expense control.

• 9M attributable net income grew 33.87% to RMB 2.276B; adjusted for non-recurring items, net income rose 33.25% to RMB 2.119B.

Financial highlights

• Q3 profit before tax increased 19.04% YoY to RMB 973.3M; 9M profit before tax rose 28.24% to RMB 2.725B.

• Q3 attributable net income was RMB 823.7M, up 27.79% YoY; adjusted net income was RMB 807.2M, up 34.92%.

• 9M operating profit was RMB 2.737B; net profit totaled RMB 2.501B, including RMB 2.276B attributable to parent shareholders.

Key financial ratios and metrics

• Basic EPS was RMB 0.39 in Q3, up 30.00% YoY; 9M EPS was RMB 1.08, up 35.00%.

• Weighted average ROE was 3.78% for Q3 and 10.44% for 9M; 9M ROE increased 1.55 percentage points YoY.

• 9M operating cash flow was RMB 2.400B, up 43.81% YoY.