Zhejiang Longsheng Group (600352) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 21.23% YoY to RMB 3.838B; attributable net income increased 37.63% to RMB 645.8M, supported by higher core-product sales and gross margins and full consolidation of Dystar Global Holdings (Singapore).

• 9M revenue increased 15.11% YoY to RMB 11.132B and attributable net income rose 18.09% to RMB 1.650B.

Financial highlights

• Q3 total profit was RMB 809.1M, up 27.56% YoY; 9M total profit reached RMB 2.159B, up 9.76%.

• Q3 net income excluding non-recurring items was RMB 546.5M, up 60.77% YoY; 9M adjusted net income was RMB 1.289B, up 39.76%.

• 9M operating profit was RMB 2.162B, versus RMB 1.995B in the prior-year period; 9M consolidated net income was RMB 1.677B.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 0.1985 in Q3, up 37.66% YoY; 9M EPS was RMB 0.5071, up 18.10%.

• Weighted-average ROE was 1.97% for Q3, up 0.99 percentage points; 9M ROE was 5.03%, up 0.61 percentage points.

• At Sept. 30, total assets were RMB 75.769B, up 0.82% from year-end; equity attributable to shareholders was RMB 32.707B, up 0.13%.

• 9M operating cash flow was RMB 2.257B, down 59.44% YoY, primarily because the prior year included higher property presale receipts.