Shenzhen Kedali Industry (002850) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 45.74% YoY to ¥5.769B and attributable net income rose 40.53% to ¥583.7M; 9M revenue increased 41.25% to ¥14.978B.

• 9M growth was attributed to increased orders and sales; higher operating costs and R&D spending accompanied the expansion.

Financial highlights

• 9M attributable net income was ¥1.527B, up 28.87% YoY; adjusted for non-recurring items, net income was ¥1.497B, up 32.63%.

• 9M operating revenue was ¥14.978B, up 41.25%; operating costs rose 45.50% to ¥11.854B.

• Q3 attributable net income was ¥583.7M, up 40.53%; adjusted net income was ¥579.8M, up 41.93%.

• 9M operating cash flow was ¥1.696B, down 12.06% YoY, as cash paid for purchases, services and employee compensation increased.

Key financial ratios and metrics

• Q3 basic and diluted EPS were ¥2.05, each up 34.87% YoY; 9M basic EPS was ¥5.46, up 25.81%, and diluted EPS was ¥5.46, up 26.10%.

• Weighted average return on equity was 3.79% for Q3, up 0.45 percentage points YoY, and 10.81% for 9M, up 1.33 percentage points.

• Total assets were ¥26.815B at quarter-end, up 16.45% from year-end; equity attributable to shareholders was ¥15.631B, up 16.88%.