LMZ 2026 Q3: Revenue 238 million yuan, down 18.76% year-on-year

Source: Liangmianzhen 2026 Third Quarter Report

DentalGoodNews｜On October 29, LIUZHOU LIANGMIANZHEN Co.,Ltd. (hereinafter referred to as "LMZ") released its unaudited third-quarter 2026 report. The financial report shows that the company achieved Operating revenue of 712 million yuan in the first three quarters, a year-on-year decrease of 12.65%; Net Profit Attributable to Shareholders of the Parent Company was -31.9086 million yuan, compared with 23.4903 million yuan in the same period last year, turning from profit to loss year-on-year.

In terms of a single quarter, LMZ achieved Operating revenue of 238 million yuan in the third quarter, a year-on-year decrease of 18.76%; Net Profit Attributable to Shareholders of the Parent Company was -27.2274 million yuan, compared with 28.5745 million yuan in the same period last year. The company stated in the report that the year-on-year decrease in Net Profit Attributable to Shareholders of the Parent Company was mainly due to a year-on-year decrease in fair value changes of stocks held during the period and a year-on-year decrease in sales revenue.

Source: Liangmianzhen 2026 Third Quarter Report

The income statement shows that the fair value change loss in the first three quarters was -28.6780 million yuan, compared with 7.4662 million yuan in the same period last year. In the details of Non-recurring Gains and Losses, the fair value change gains and losses arising from financial assets and financial liabilities held by non-financial enterprises and the gains and losses arising from the disposal of financial assets and financial liabilities were -28.6780 million yuan, and the total Non-recurring Gains and Losses in the first three quarters were -17.8338 million yuan.

After deducting Non-recurring Gains and Losses, LMZ's Net Profit Attributable to Shareholders of the Parent Company in the first three quarters was -14.0748 million yuan, compared with 15.5043 million yuan in the same period last year. The company stated that this was mainly due to a decrease in sales gross profit and interest income. Net Cash Flow from Operating Activities was -10.4794 million yuan, compared with 53.7987 million yuan in the same period last year. The company stated that this was mainly due to a decrease in cash inflows from sales of goods and an increase in material procurement payments.

Source: Liangmianzhen 2026 Third Quarter Report

In the first three quarters, LMZ's cash and cash equivalents decreased by a net 47.7467 million yuan, with an ending balance of 1.245 billion yuan and a beginning balance of 1.293 billion yuan. In addition to the above operating activities, the net cash flows from investing activities and financing activities were -16.2220 million yuan and -20.3566 million yuan, respectively, and the impact of exchange rate changes was -688,700 yuan.

Source: Liangmianzhen 2026 Third Quarter Report

According to a previous report by DGN, on August 3, 2026, Guangxi Guokong Capital Operation Group Co., Ltd. completed the transfer registration of 154,000,000 shares of LMZ (accounting for 28% of the total share capital), with a total transfer price of approximately 1.228 billion yuan, and the Ultimate controller of the company changed to the State-owned Assets Supervision and Administration Commission of the People's Government of Guangxi Zhuang Autonomous Region. The shareholder information in this period's financial report shows that as of the end of the reporting period, the company held 154,000,000 shares, with a shareholding ratio of 28.00%, ranking first among the top ten shareholders.