Zhejiang Dingli Machinery (603338) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 44.97% YoY to RMB 3.390 billion, with attributable net income up 10.32% to RMB 598.4 million; YTD revenue grew 31.90%, while YTD net income was nearly flat YoY.

• Management attributed revenue growth to active market expansion and higher sales; operating cash flow rose 284.70% YoY to RMB 850.9 million YTD, primarily on higher cash collected from product sales.

Financial highlights

• Q3 profit before tax was RMB 703.2 million, up 11.86% YoY; Q3 adjusted attributable net income, excluding non-recurring items, was RMB 573.8 million, up 13.50%.

• YTD revenue was RMB 8.804 billion, up 31.90%; profit before tax was RMB 1.875 billion, down 0.87%, and attributable net income was RMB 1.588 billion, down 0.42%.

• YTD adjusted attributable net income, excluding non-recurring items, was RMB 1.539 billion, down 1.09%; YTD basic EPS was RMB 3.14, down 0.32%.

• YTD operating profit was RMB 1.869 billion versus RMB 1.891 billion in the prior-year period; total comprehensive income was RMB 1.544 billion versus RMB 1.587 billion.

Key financial ratios and metrics

• Q3 basic and diluted EPS were RMB 1.18, up 10.28% YoY; Q3 weighted average ROE was 4.93%, down 0.07 percentage points.

• YTD weighted average ROE was 13.32%, down 1.72 percentage points YoY; total assets at Sept. 30 were RMB 18.787 billion, up 8.26% from year-end 2025.

• Parent shareholders’ equity was RMB 12.368 billion at Sept. 30, up 8.43% from year-end 2025.