Jiangsu Gaoke petrochemical posts Q3 profit surge despite revenue drop

Jiangsu Gaoke Petrochemical announced its Q3 2025 results, revealing a net profit attributable to listed company shareholders of 16,001,940.02 yuan, an increase of 185.84% compared to the same period last year. Year-to-date net profit also soared by 276.69% to 63,011,845.44 yuan. Basic earnings per share for the quarter rose by 186.67% to 0.13 yuan, with the year-to-date figure reaching 0.51 yuan.

Despite this profit growth, the company's operating revenue for the quarter declined significantly by 71.19% to 37,345,869.47 yuan. Year-to-date operating revenue also saw a 72.57% decrease, totaling 101,562,949.15 yuan. The report attributes this revenue decline to the sale of its subsidiary, Zhongcheng New Materials, in January 2025, which removed the lubricating oil segment from the consolidated financial statements.

Cash flow from operating activities showed robust growth, with a net increase of 1,799.71% year-to-date, reaching 94,920,856.76 yuan. Total assets decreased by 22.05% from the end of the previous year to 905,011,466.22 yuan, while total equity attributable to shareholders increased by 24.92% to 315,836,220.12 yuan.