Yongxing Special Materials Technology (002756) Q3 2026 earnings summary

Executive summary

• Q3 revenue was ¥2.620bn, up 41.36% YoY; net income attributable to shareholders was ¥419.3m, up 220.65% YoY. YTD revenue rose 38.87% and attributable net income rose 159.26%.

• YTD operating cash flow increased 119.84% to ¥1.022bn, with higher lithium-business sales gross profit cited as the main driver.

Financial highlights

• Q3 adjusted net income, excluding non-recurring items, was ¥393.4m, up 182.49% YoY; YTD adjusted net income was ¥1.307bn, up 180.58%.

• YTD consolidated operating profit was ¥1.735bn versus ¥703.3m; total profit was ¥1.732bn versus ¥664.0m, and consolidated net income was ¥1.427bn versus ¥546.2m.

• YTD non-recurring gains totaled ¥71.3m, including investment-related fair-value and disposal gains, government grants, and other items; Q3 non-recurring gains were ¥25.9m.

Segment performance

• Lithium new-energy segment inventory increased 32.43% from year-end, attributed to higher inventory in that segment.

• Higher gross profit from lithium-business sales supported the 119.84% YTD increase in operating cash flow.