Sinoma International Engineering (600970) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was RMB 31.941bn and attributable net profit RMB 1.288bn; results fell YoY amid weaker domestic cement-market margins, higher impairment charges and FX losses.

• Operations remained steady and operating quality improved despite weaker domestic cement demand, Middle East developments and currency volatility.

Financial highlights

• Q3 revenue was RMB 10.679bn, down 5.68% YoY; total profit was RMB 441.2m, down 43.69%, and attributable net profit was RMB 354.1m, down 45.75%.

• 9M revenue was RMB 31.941bn, down 3.20% YoY; total profit was RMB 1.695bn, down 34.93%, and attributable net profit was RMB 1.288bn, down 37.91%.

• 9M adjusted attributable net profit excluding non-recurring and FX effects was RMB 1.49bn.

• 9M net profit attributable to owners excluding non-recurring items was RMB 1.299bn, down 29.82% YoY.

• 9M basic and diluted EPS were RMB 0.49, down 37.97% YoY; Q3 EPS was RMB 0.14, down 44.00%.

Outlook and guidance

• Contract reserves remained strong; new domestic cement-engineering contracts continued to decline as a share of new contracts, while services gained share.

• Overseas markets remained the primary driver of new-contract growth, with growth significantly faster than in domestic markets.

• Mining new contracts grew despite market headwinds, and green-energy and environmental businesses saw coordinated domestic and overseas activity with growth potential.