Sieyuan Electric (002028) Q3 2026 earnings summary

Executive summary

• Q3 revenue was ¥6.967bn, up 30.71% YoY; net income attributable to shareholders was ¥939.4m, up 4.53%.

• 9M revenue reached ¥17.762bn, up 28.46% YoY, while attributable net income rose 9.66% to ¥2.403bn.

Financial highlights

• Q3 adjusted net income, excluding non-recurring items, was ¥916.4m, up 14.57% YoY; 9M adjusted net income was ¥2.315bn, up 13.69%.

• 9M operating cash flow was ¥983.4m, up 127.88% YoY; cash flow from investing activities was -¥2.070bn.

• 9M operating costs rose with business volume: revenue increased 28.46% and operating costs increased 30.23% YoY.

Key financial ratios and metrics

• Basic EPS was ¥1.20 in Q3, up 4.35% YoY, and ¥3.07 for 9M, up 9.25%; diluted EPS was ¥1.19 and ¥3.04, respectively.

• Weighted average ROE was 5.52% for Q3, down 0.94 percentage points YoY, and 14.31% for 9M, down 1.80 points.

• At September 30, total assets were ¥34.793bn, up 16.60% from year-end; equity attributable to shareholders was ¥17.567bn, up 13.39%.