Baili Electric: Revenue of 1.924 billion yuan in the first three quarters, net profit down 50.18% year-on-year.

Baili Electric announced that in the first three quarters of 2026, it achieved operating revenue of 1.924 billion yuan, up 18.31% year on year; net profit attributable to shareholders of the listed company was 41.2347 million yuan, down 50.18% year on year; net profit after deducting non-recurring gains and losses was 36.3091 million yuan, down 53.84% year on year. In the third quarter of 2026 alone, it achieved operating revenue of 694 million yuan, up 16.42% year on year; net loss attributable to shareholders of the listed company was 470,100 yuan, turning from profit to loss year on year. The decline in performance was mainly due to intense industry competition combined with rising raw material costs, which led to gross margin contraction, as well as a decrease in revenue from supporting products of its subsidiary Tianjin Pump Industry.