Zhejiang E-P Equipment (603194) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 2.230bn, up 23.06% YoY; parent-attributable net income was RMB 208.8m, down 12.11%.

• 9M revenue rose 17.24% YoY to RMB 6.147bn, while parent-attributable net income fell 7.01% to RMB 637.1m.

Financial highlights

• 9M total profit was RMB 778.6m, down 6.85% YoY; net income was RMB 648.7m versus RMB 696.0m.

• 9M adjusted net income, excluding non-recurring items, was RMB 613.3m, down 7.98%; Q3 adjusted net income was RMB 204.4m, down 12.47%.

• 9M operating cash flow was RMB 113.4m versus RMB 6.8m; the increase primarily reflected higher sales collections and a low prior-year base.

• Total assets reached RMB 10.846bn, up 20.17% from year-end 2025; parent equity was RMB 5.780bn, up 8.23%.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 1.59 for 9M, down 7.02% YoY; Q3 EPS was RMB 0.52, down 11.86%.

• Weighted average ROE was 11.28% for 9M, down 2.31 percentage points; Q3 ROE was 3.67%, down 0.94 percentage points.