According to the Zhitong Finance App, Little Bear Electric (002959.SZ) released its report for the third quarter of 2026. The company achieved operating income of 3.388 billion yuan in the first three quarters, down 8.22% year on year; net profit attributable to shareholders of listed companies was 151 million yuan, down 38.63% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 135 million yuan, down 40.38% year on year; basic earnings per share were 0.9758 yuan.

In the first three quarters, changes in the company's performance were mainly affected by the following factors: 1. The withdrawal of small household appliances from the scope of national subsidies was compounded by uncertainty in the global economy, and there was insufficient momentum for market demand growth. According to the summary data of Aowei Cloud Network (AVC), domestic retail sales of small kitchen appliances decreased by 5.2% year-on-year in July 2026. 2. Geographical conflicts have led to a rise in crude oil prices, and further caused major raw materials, energy and logistics costs to rise. 3. Exchange losses were caused by fluctuations in the exchange rate of RMB against the US dollar, which led to an increase in the company's financial expenses compared to the same period last year. 4. Affected by increased market competition, the gross margin of the holding subsidiary Guangdong Roman Intelligent Technology Co., Ltd. declined year-on-year.

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