Yishiden Holdings (01656)'s revenue for the first three quarters reached a record high of S$397.5 million. Profit attributable to shareholders increased 434.7% year-on-year

According to the Zhitong Finance App, Yishiden Holdings (01656) announced results for the third quarter of 2026. The group's revenue was S$144 million, up 34.6% year on year; gross profit of S$378.31 million, up 39.5% year on year; profit attributable to shareholders was S$8.739 million.

In the nine months of 2026, the group's revenue increased 24.3% year over year, reaching a record high of S$397.5 million. Gross profit increased 30.0% to S$100.9 million, and gross margin increased 1.1 percentage points to 25.4%. Profit attributable to shareholders was SGD 19.12 million, up 434.7% year over year.

Industrial automation drives growth: The Group's core industrial automation business revenue increased 36.7% to S$378.2 million, with the Chinese market growing by 31.2% and the Southeast Asian market by 60.3%.

Hydropower project expansion nears completion: Renewable energy business revenue fell 55.3% to S$19.3 million as construction of the Laubin 2 and Laubin 3 projects neared completion. Once put into operation, these hydropower plants are expected to increase total installed capacity by 81.3% to 44.6 MW, and are also expected to increase annual net recurring cash income from approximately S$8 million to S$14 million.

Looking back on the performance and prospects of Monstar, Mr. Zhang Zijun, Executive Director and President of Yisteng, said, “Monstar's performance was strong. 9M2026 revenue reached a record high, and profitability also increased significantly. As manufacturers increase their investment in production efficiency, precision, and increasingly advanced automation capabilities, our industrial automation business continues to benefit from widespread demand in China and Southeast Asia.” “While investments in artificial intelligence and advanced technology are creating more opportunities, we believe the long-term growth of industrial automation is benefiting from a broader set of structural trends in manufacturing. Our continued investment in technical capabilities and our regional business layout allows us to seize these opportunities.” “In the field of renewable energy, the completion of our two new small hydropower plants in Indonesia will mark an important milestone in the Group's development. Once put into operation, these projects are expected to significantly increase our installed capacity and increase the recurring cash contribution from the hydropower business. Together, our two businesses provide a platform for the Group's continued growth and further diversification of earnings.”