Zhejiang Huayou Cobalt (603799) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 37.05% YoY to RMB 80.78bn, while net profit attributable to shareholders increased 2.23% to RMB 4.31bn.

• Q3 revenue grew 15.93% YoY to RMB 25.21bn, but net profit attributable to shareholders fell 46.68% to RMB 802.6m.

Financial highlights

• 9M operating income was RMB 80.78bn versus RMB 58.94bn; operating costs rose to RMB 72.36bn from RMB 53.75bn.

• 9M total profit increased 26.19% to RMB 7.30bn; net profit was RMB 6.18bn, including RMB 1.87bn attributable to minority interests.

• Q3 total profit was RMB 1.01bn, down 50.83% YoY; basic EPS was RMB 0.43, down 51.14%.

• 9M adjusted net profit, excluding non-recurring gains and losses, was RMB 4.05bn, up 0.94%; Q3 adjusted net profit was RMB 739.2m, down 48.13%.

Segment performance

• 9M revenue growth was mainly driven by higher sales volume of new energy material products.