Transsion (688036) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 14.85bn; attributable net income was RMB 856.6m, down 9.73% YoY, and adjusted net income was RMB 435.8m, down 47.72% YoY.

• 9M revenue rose 1.49% YoY to RMB 50.28bn; attributable net income increased 22.44% to RMB 2.63bn.

Financial highlights

• 9M total profit was RMB 3.29bn, up 21.91% YoY; net income attributable to shareholders was RMB 2.63bn, up 22.44%.

• 9M adjusted net income was RMB 1.92bn, up 10.70% YoY; Q3 adjusted net income was RMB 435.8m, down 47.72%.

• Basic EPS was RMB 0.74 in Q3, down 9.76% YoY, and RMB 2.28 for 9M, up 21.28%.

• 9M R&D spending rose 15.90% to RMB 2.48bn; R&D was 4.93% of revenue, up 0.61 percentage points YoY.

Key financial ratios and metrics

• Weighted average ROE was 4.03% in Q3, down 6.35 percentage points YoY; 9M ROE was 12.40%, up 1.92 percentage points.

• Total assets were RMB 46.26bn at quarter-end, up 4.23% from year-end 2025; equity attributable to shareholders was RMB 21.05bn, up 2.55%.