Tiandi Science & Technology (600582) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB5.897bn; profit and earnings declined YoY, while 9M results were heavily affected by the prior-year gain on the Qin Nan Energy disposal.

• 9M revenue was RMB18.462bn, down 9.81% YoY; net profit attributable to shareholders was RMB928.3m, down 60.33%.

Financial highlights

• Q3 profit before tax was RMB309.4m, down 34.27% YoY; net profit attributable to shareholders was RMB193.6m, down 25.54%.

• Q3 adjusted net profit, excluding non-recurring items, was RMB146.4m, down 31.15% YoY; 9M adjusted net profit was RMB793.5m, down 37.23%.

• 9M operating revenue decreased 9.81% YoY to RMB18.462bn; total costs were RMB17.331bn versus RMB19.108bn in 9M 2025.

Key financial ratios and metrics

• Basic and diluted EPS were RMB0.046 in Q3, down 25.81% YoY; 9M EPS was RMB0.224, down 60.35%.

• Weighted average ROE was 0.79% in Q3, down 0.27 percentage points; 9M ROE was 3.62%, down 5.67 percentage points YoY.

• Total assets were RMB56.741bn at 30 Sep 2026, down 5.21% from year-end 2025; parent shareholders’ equity was RMB25.313bn, down 1.15%.

• 9M operating cash flow was negative RMB4.312bn, compared with negative RMB3.636bn in 9M 2025.