Tongkun Group (601233) Q3 2026 earnings summary

Executive summary

• Q3 earnings surged as product profitability improved and income recognized from the Zhejiang Petrochemical investment increased YoY; 9M revenue reached RMB85.44bn and attributable net income RMB6.90bn.

• Q3 revenue was RMB32.73bn, up 40.83% YoY; attributable net income was RMB2.68bn, up 492.71% YoY.

Financial highlights

• 9M revenue was RMB85.44bn, up 26.76% YoY; total profit was RMB7.92bn, up 388.02%.

• 9M attributable net income was RMB6.90bn, up 345.66% YoY; adjusted for non-recurring items, net income was RMB6.66bn, up 410.76%.

• Q3 total profit was RMB3.06bn, up 570.98% YoY; adjusted attributable net income was RMB2.65bn, up 963.29%.

• 9M operating cash flow was RMB5.94bn, up 203.43% YoY, reflecting increased cash receipts from sales and services.

Key financial ratios and metrics

• 9M basic and diluted EPS were RMB2.91 each, versus RMB0.65 a year earlier.

• 9M weighted-average ROE was 16.54%, up 12.39 percentage points YoY; Q3 ROE was 6.10%, up 4.91 points YoY.

• At Sep. 30, total assets were RMB123.44bn, up 8.74% from year-end; attributable equity was RMB44.94bn, up 17.26%.