Zhejiang Weixing New Building Materials (002372) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 5.24% YoY to ¥1.222bn; reported net income fell 44.30% to ¥149.6m, mainly due to lower investment income from Dongpeng Heli. 9M revenue declined 7.38%, while net income was nearly flat YoY.

• 9M adjusted net income, excluding non-recurring items, declined 16.15% YoY to ¥410.6m; reported net income was ¥539.6m, supported by non-recurring gains.

Financial highlights

• Q3 revenue was ¥1.222bn, down 5.24% YoY; 9M revenue was ¥3.118bn, down 7.38%.

• Q3 reported net income was ¥149.6m, down 44.30% YoY; 9M reported net income was ¥539.6m, up 0.01%.

• Q3 adjusted net income was ¥195.2m, down 11.92% YoY; 9M adjusted net income was ¥410.6m, down 16.15%.

• 9M operating profit was ¥598.8m vs. ¥639.6m; net profit was ¥538.0m vs. ¥539.5m.

• 9M operating cash flow was ¥731.8m, down 22.78% YoY; ending cash and cash equivalents were ¥870.9m vs. ¥1.255bn a year earlier.

Key financial ratios and metrics

• Q3 basic and diluted EPS were ¥0.10, each down 41.18% YoY; 9M basic and diluted EPS were ¥0.34, unchanged YoY.

• Weighted average ROE was 3.13% in Q3, down 2.58 percentage points YoY; 9M ROE was 11.01%, up 0.24 points.

• Total assets were ¥6.338bn at Sept. 30, down 0.85% from year-end; parent shareholders’ equity was ¥4.836bn, down 1.00%.