According to Zhitong Finance App, Ocean Electric (002249.SZ) released its report for the third quarter of 2026. The company achieved operating income of 9.499 billion yuan in the first three quarters, up 3.47% year on year; net profit attributable to shareholders of listed companies was 490 million yuan, down 42.04% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 440 million yuan, down 40.82% year on year; basic earnings per share were 0.2 yuan.

During the reporting period, production and sales in the air conditioning industry were weak, and revenue growth in the company's construction and household appliances and motors business was under pressure. The company adjusted its business strategy in a timely manner, strengthened internal resource coordination, increased market expansion efforts, and achieved significant growth in NEV powertrain system business revenue, providing support for overall revenue growth; during the reporting period, due to rising prices of bulk raw materials (copper, aluminum, etc.) and electronic components, product production costs rose, the company's overall gross margin declined, and profitability was squeezed; during the reporting period, the RMB continued to appreciate, and the company's exchange losses increased, which had a phased adverse effect on current operating profit.

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