Yantai Jereh Oilfield Services Group (002353) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 22.97% YoY to ¥4.33bn and attributable net income rose 21.88% to ¥690.8m; 9M revenue increased 14.91% to ¥11.97bn, while attributable net income grew 4.36% to ¥1.89bn.

• A $1.465bn gas-turbine generator-set order for a major international cloud-services provider was progressing normally; 9M operating cash flow declined 17.59% YoY to ¥2.41bn.

Financial highlights

• Q3 net income attributable to shareholders, excluding non-recurring gains, was ¥666.3m, up 20.85% YoY; 9M adjusted net income was ¥1.81bn, up 1.36%.

• 9M basic and diluted EPS were both ¥1.86, up 4.49% YoY; Q3 EPS was ¥0.68, up 21.24%.

• Total assets were ¥44.96bn at Sep. 30, up 14.90% from year-end; equity attributable to shareholders was ¥23.85bn, up 3.59%.

Segment performance

• Major-project execution drove higher procurement and project-related balances: inventory increased 39.50%, prepayments 297.28%, accounts payable 42.35%, and contract liabilities 263.34% from year-end.