Shangfeng Materials: Net profit in the first three quarters was 3.312 billion yuan, up 527.26% year-on-year.

Shangfeng Material disclosed the third quarterly report of 2026 on October 28. The company's operating income in the first three quarters was 2.952 billion yuan, down 17.97% year-on-year; the net profit attributable to the parent company was 3.312 billion yuan, up 527.26% year-on-year; the net profit deducted from the non-parent company was 151 million yuan, down 69.4% year-on-year.

In the first three quarters, the listing of key projects in the company's equity investment sector brought about greater fair value appreciation, which became the main source of profit in the statement.