Victory Giant Technology (HuiZhou) (300476) Q3 2026 earnings summary

Executive summary

• YTD revenue rose 30.77% YoY to ¥18.46bn; net income attributable to shareholders increased 4.28% to ¥3.38bn, while adjusted net income rose 13.74% to ¥3.69bn.

• Q3 revenue grew 34.30% YoY to ¥6.83bn; reported net income fell 52.17% to ¥527.0m, while adjusted net income increased 16.16% to ¥1.28bn.

Financial highlights

• YTD operating costs rose 35.42% YoY to ¥12.26bn, outpacing revenue growth; management expenses increased 47.76% to ¥507.9m and R&D expenses reached ¥669.0m.

• YTD financial expenses climbed 482.92% YoY to ¥476.0m, primarily due to increased foreign-exchange losses.

• Operating cash flow increased 47.71% YoY to ¥3.52bn, attributed mainly to higher customer collections.

Key financial ratios and metrics

• YTD basic and diluted EPS were both ¥3.63; down 3.97% and 3.20% YoY, respectively. Weighted average ROE was 11.88%, down 17.18% YoY.

• Total assets reached ¥71.30bn, up 102.29% from year-end; shareholders’ equity attributable to the parent was ¥38.31bn, up 130.55%.