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特变电工’s nine-month attributable profit falls 35.41% as revenue rises
特变电工 reported revenue of 85.588 billion yuan for the first nine months of 2026, up 17.38% year on year, while net profit attributable to shareholders fell 35.41% to 3.542 billion yuan. Profit excluding non-recurring items edged lower, and operating cash flow increased. Third-quarter revenue also rose, but attributable net profit declined 56.97%.
What to know
- 01
Nine-month net profit excluding non-recurring items was 3.837 billion yuan, down 0.36%; net operating cash flow rose 21.41% to 7.419 billion yuan.
- 02
Third-quarter revenue rose 18.18% to 29.033 billion yuan, while net profit attributable to shareholders fell 56.97% to 990 million yuan.
Why it matters
The contrast between revenue growth and falling attributable net profit warrants cautious interpretation alongside earnings excluding non-recurring items and cash flow.
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