Shennan Circuit Company (002916) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 10.48bn, up 66.29% YoY; net income attributable to shareholders was RMB 1.88bn, up 94.42% YoY. 9M revenue reached RMB 25.77bn, up 53.84%, and attributable net income was RMB 4.13bn, up 77.54%.

• 9M growth was driven by increased business orders; expansion investment and borrowing rose sharply, while operating cash flow declined YoY.

Financial highlights

• Q3 adjusted net income, excluding non-recurring gains and losses, was RMB 1.86bn, up 102.78% YoY; 9M adjusted net income was RMB 4.10bn, up 87.80%.

• 9M operating profit was RMB 4.67bn versus RMB 2.57bn a year earlier; net income was RMB 4.13bn versus RMB 2.33bn.

• 9M non-recurring gains and losses totaled RMB 31.5m, including RMB 38.6m in government grants and RMB 11.9m in other net operating income and expenses.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 2.82 for Q3, up 94.48% and 92.41% YoY, respectively; 9M basic and diluted EPS were RMB 6.14, up 75.93%.

• Weighted average ROE was 9.86% for Q3 and 22.12% for 9M; total assets rose 52.37% and shareholder equity rose 16.90% from year-end 2025.