Dongjiang Environmental Company (895) Q3 2025 earnings summary

Executive summary

• Report covers Q3 2025 (July 1–September 30) and is unaudited, prepared under China Accounting Standards.

• Board and management affirm accuracy and completeness of the report.

Financial highlights

• Q3 2025 revenue: RMB 899.6 million, down 1.56% year-over-year; YTD revenue: RMB 2.40 billion, down 2.72%.

• Net loss attributable to shareholders: RMB -281.4 million for Q3 (down 190.37% YoY); YTD net loss: RMB -559.6 million (down 57.96% YoY).

• Basic and diluted EPS: -0.25 for Q3, -0.51 YTD.

• Net cash flow from operating activities: RMB 81.2 million for Q3, up 175.41% YoY.

• Total assets at period end: RMB 10.76 billion, down 4.63% from year-end 2024.

• Total equity attributable to shareholders: RMB 3.04 billion, down 15.42% from year-end 2024.

Outlook and guidance

• Losses attributed to declining prices and gross margins in industrial waste treatment and disposal, and increased litigation provisions.