Venustech Group (002439) Q3 2026 earnings summary

Executive summary

• 9M revenue rose 12.21% YoY to ¥1.737bn; attributable net income and adjusted attributable net income returned to profit, while operating cash flow increased 218.61%.

• Growth was supported by deeper China Mobile collaboration and faster uptake of AI- and data-security products; cost controls helped offset higher materials costs and stronger competition.

Financial highlights

• Q3 revenue was ¥502.1m, up 20.95% YoY; attributable net income was ¥7.62m, up 106.22% YoY.

• 9M attributable net income was ¥38.40m versus a ¥215.76m loss a year earlier; adjusted attributable net income was ¥57.02m versus a ¥286.09m loss.

• 9M operating cash flow was ¥174.57m, up 218.61% YoY; Q3 operating cash flow was ¥104.99m, up 608.90%.

• 9M total expenses across selling, administrative and R&D functions fell 24.92% YoY, while gross profit increased ¥16m despite materials cost pressure.

Outlook and guidance

• Management identified Q4 as the key year-end period and plans to execute its strategy, aiming to sustain the first three quarters’ healthy momentum and stable, high-quality operations.