Wan Liyang (002434.SZ) announced the results for the first three quarters. Net profit to mother was 3.01 million yuan, down 99.12% year on year

According to Zhitong Finance App, Wan Liyang (002434.SZ) released its report for the third quarter of 2026. The company achieved operating income of 2,892 billion yuan in the first three quarters, a year-on-year decrease of 31.16%; net profit attributable to shareholders of listed companies was 3.0015 million yuan, a year-on-year decrease of 99.12%; net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss was 31.791 million yuan; basic earnings per share were 0.002 yuan.

The company's net profit attributable to owners of the parent company fell 99.12% in the first three quarters compared to the same period of the previous year. On the one hand, the company reduced its holdings of Zhejiang University Network New Technology Co., Ltd. by 53 million shares during the same period last year, and received an investment income of 119 million yuan. The company had no such earnings in the reporting period. On the other hand, the company's operating income decreased a lot year-on-year during the reporting period. Coupled with rising prices of aluminum and steel, the main raw materials of the company's products, further increased costs, which led to a significant year-on-year decrease in the company's net profit during the reporting period.