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Ningbo Deye Technology Group Co (605117) investor relations material
Ningbo Deye Technology Group Co Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached RMB 4.46 billion, up 73.77% year-over-year, driven by strong global demand for new energy products and favorable international policies supporting energy storage.
Net profit attributable to shareholders was RMB 1.19 billion, a 68.37% increase year-over-year, with significant growth in energy storage inverter and battery sales in Europe, Middle East, and Southeast Asia.
Operating cash flow surged to RMB 1.83 billion, reflecting robust order fulfillment and increased sales receipts.
Financial highlights
Operating income: RMB 4.46 billion, up 73.77% year-over-year.
Net profit attributable to shareholders: RMB 1.19 billion, up 68.37% year-over-year.
Basic and diluted EPS: RMB 1.31, up from RMB 0.78 year-over-year.
Operating cash flow: RMB 1.83 billion, up 284.10% year-over-year.
Total assets at quarter-end: RMB 21.91 billion, up 10.04% from year-end 2025.
Outlook and guidance
Global geopolitical shifts and energy shortages are expected to continue driving demand for new energy and storage products.
Ongoing international subsidies and policy support are anticipated to sustain strong sales momentum, especially in overseas markets.
- 2025 revenue up 9.08% to RMB 12.22B, net profit RMB 3.17B, with robust global new energy growth.605117
Q4 202510 Apr 2026 - Net profit up 23.18% YoY; major cash dividend and capacity expansion underway.605117
Q2 202519 Dec 2025 - Net profit jumped 64.80% on 49.67% revenue growth, led by energy storage and overseas sales.605117
Q4 202419 Dec 2025 - Nine-month revenue up 10.36%, but Q3 net profit and EPS declined amid margin pressure.605117
Q3 202530 Oct 2025 - Q3 net profit soared 230% year-over-year on booming energy storage and inverter sales.605117
Q3 202413 Jun 2025 - Net profit fell 2.21% in H1 2024, but storage and dehumidifier sales surged.605117
Q2 202413 Jun 2025 - Net profit surged 63% in Q1 2025 on strong inverter and battery sales.605117
Q1 20256 Jun 2025
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