Shenzhen Dynanonic (300769) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB7.416bn, up 244.21% YoY; net profit attributable to shareholders was RMB160.0m, up 204.32%.

• For 9M, revenue reached RMB17.816bn, up 195.15% YoY, and attributable net profit was RMB615.4m, versus a loss in the prior-year period.

Financial highlights

• 9M operating profit was RMB837.9m and total net profit was RMB715.2m; attributable net profit was RMB615.4m.

• 9M adjusted net profit, excluding non-recurring items, was RMB622.3m, up 217.93% YoY; Q3 adjusted net profit was RMB165.9m, up 268.41%.

• 9M operating costs rose with higher sales volume and raw-material prices; reported cost of sales was RMB16.105bn versus RMB6.061bn a year earlier.

Outlook and guidance

• Proposed project funding targets a 200,000-tonne-per-year phosphate new-materials project, alongside working capital; the project is planned as phase one of an integrated lithium-battery materials development.