Shenzhen Zhaowei Machinery & Electronics (003021) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 445.45m, down 4.94% YoY; net income attributable to shareholders was RMB 47.95m, down 29.44%.

• 9M revenue reached RMB 1.262bn, up 0.53% YoY, while net income attributable to shareholders fell 32.35% to RMB 122.59m.

Financial highlights

• 9M adjusted net income, excluding non-recurring items, was RMB 96.73m, down 39.63% YoY; Q3 adjusted net income was RMB 42.55m, down 33.03%.

• 9M operating cash flow increased 54.67% YoY to RMB 158.13m, supported by faster collections and optimized settlement methods.

• 9M non-recurring gains totaled RMB 25.86m, including RMB 20.87m in financial-asset investment gains and RMB 10.35m in government grants, before other items and tax effects.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 0.20 in Q3, down 25.93% YoY; 9M EPS was RMB 0.48, down 36.84%.

• Weighted average ROE was 0.94% for Q3, down 1.10 percentage points YoY, and 2.68% for 9M, down 2.83 percentage points.

• Total assets were RMB 5.905bn at quarter-end, up 36.75% from year-end 2025; shareholder equity was RMB 5.104bn, up 46.55%.