Xiangtan Electric Manufacturing Co., Ltd.: Revenue of 3.538 billion yuan in the first three quarters; net profit down 94% year on year.

Xiangdian Co., Ltd. announced that in the third quarter of 2026, it achieved operating revenue of 1.294 billion yuan, a year-on-year increase of 12.81%; net profit attributable to the parent company was 672,700 yuan, a year-on-year decrease of 94.46%; net loss attributable to the parent company after deducting non-recurring gains and losses was 9.1823 million yuan, a year-on-year reduction in loss of 73.83%. In the first three quarters of 2026, it achieved operating revenue of 3.538 billion yuan, a year-on-year decrease of 4.14%; net profit attributable to the parent company was 12.0384 million yuan, a year-on-year decrease of 94.00%; net loss attributable to the parent company after deducting non-recurring gains and losses was 22.2699 million yuan, turning from profit to loss year-on-year. The changes in performance were mainly due to a decline in product gross margin and a year-on-year decrease in policy subsidies.