首页即时动态美新科技前三季营收8.22亿，建瓯项目完工增产能

美新科技前三季营收8.22亿，建瓯项目完工增产能

来源：家居百科时间：2026年10月28日 17:39

Meixin Technology's 2026 Q3 Report: Key Insights Meixin Technology (301588) 2026 Third Quarter Report Analysis

On October 28th, Meixin Technology (301588) released its third quarter report for 2026. For the first three quarters, the company achieved a revenue of 8.22 billion yuan, a year-on-year increase of 22.26%; the net profit attributable to the parent company's shareholders was 29.2723 million yuan, a year-on-year increase of 3.09%; and the net cash flow from operating activities was 35.8934 million yuan, a year-on-year increase of 454.46%. Specifically, the third quarter alone saw a revenue of 2.92 billion yuan, a year-on-year increase of 28.78%, maintaining a rapid growth trend in the revenue end; and the net profit after deduction of parent company was 4.7635 million yuan.

Meixin Technology specializes in the research, development, production, and sales of wood-plastic composite materials and their products. These products are widely used in outdoor floorings, railings, fences, garden landscapes, and other outdoor space scenarios. The company's sales mainly target the overseas market and are gradually expanding into domestic and emerging market regions. During the reporting period, the company continued to promote the market launch of new products and the construction of a dealer system. Sales expenses were 67.8492 million yuan, a year-on-year increase of 61.97%, mainly due to increased investments in external market channel layout, dealer system construction, new product promotion, and brand promotion. Management expenses were 104 million yuan, a year-on-year increase of 32.27%, mainly due to increased new product certification costs, project consulting fees, and management costs of newly established subsidiaries. Research and development expenses were 20.3486 million yuan, a year-on-year increase of 7.71%, maintaining a stable level of investment. These investments have temporarily increased expenses, but they have also laid a foundation for future market expansion and product certification.

From the perspective of asset and capacity changes, the company's fixed assets were 795 million yuan, a year-on-year increase of 75.65%, mainly due to the completion of the Jianou project, the transfer of construction projects into buildings and equipment. Contract liabilities were 5.2392 million yuan, a year-on-year increase of 81.03%, mainly due to increased contract liabilities of newly established subsidiaries. Accounts payable were 164 million yuan, a year-on-year increase of 53.68%, mainly due to increased supplier unpaid invoices. In terms of operating cash flow, the cash received from the sale of goods and provision of services was 7.39 billion yuan, a year-on-year increase of 7.86%, maintaining a positive net inflow, and the quality of cash flow has improved compared to the same period last year.

Overall, the positive changes in Meixin Technology's third quarter report include a year-on-year revenue increase of 22.26% for the first three quarters, a positive shift in operating cash flow, the completion of capacity projects, and the addition of intangible assets such as patents and trademarks. Although the profit side is affected by increased market development and certification investments, the scale of revenue, the capacity base, and cash flow all show signs of improvement. Subsequent to the gradual effectiveness of channel construction and capacity release, the company's operating performance is worth continued attention.

From the policy perspective, the stable growth of foreign trade and the promotion of green building materials are forming a clear policy synergy. In October 2026, the Ministry of Commerce and other departments continued to promote policies to stabilize the scale and optimize the structure of foreign trade, clearly supporting enterprises to develop diversified markets, develop new business models such as cross-border e-commerce, and increase the support for export credit insurance and credit. This provides a relatively stable export environment for wood-plastic composite material companies that mainly sell overseas. At the same time, the promotion of the "Green Building Materials into the Countryside" activity is proceeding, and wood-plastic composite materials, as recyclable and low-carbon environmental outdoor building materials, resonate with the direction of green buildings and circular economy. The叠加 of these policy frameworks creates a relatively favorable development environment for the wood-plastic composite materials industry in which Meixin Technology operates.