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SUPCON Technology (688777) investor relations material
SUPCON Technology Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 was RMB 1.51 billion, down 6.29% year-over-year from RMB 1.61 billion.
Net profit attributable to shareholders was RMB 74.68 million, a 37.81% decrease year-over-year.
Industrial AI business achieved revenue of RMB 183.85 million during the quarter.
Financial highlights
Operating cash flow was negative RMB 631.51 million, compared to negative RMB 523.89 million in Q1 2025.
Basic and diluted EPS were both RMB 0.10, down 33.33% year-over-year.
R&D investment reached RMB 215.03 million, up 4.15% year-over-year, accounting for 14.28% of revenue.
Total assets at quarter-end were RMB 18.37 billion, down 2.41% from year-end 2025.
Shareholders’ equity was RMB 10.03 billion, up 0.28% from year-end 2025.
Outlook and guidance
Management highlighted ongoing expansion in industrial AI, with business scale increasing.
- Net profit declined 60.48% year-over-year to ¥441 million on revenue of ¥8.07 billion.688777
Q4 202521 Apr 2026 - Revenue and net profit rose, driven by industrial AI and digital transformation initiatives.688777
Q4 202416 Dec 2025 - H1 2025 revenue and profit declined sharply, but R&D and AI/robotics investment accelerated.688777
Q2 202515 Dec 2025 - Revenue up 16.78% and adjusted net profit up 49.80% on strong R&D and global expansion.688777
Q2 202415 Dec 2025 - Revenue up 11.58% and adjusted net profit up 32.02% year-over-year, with increased R&D.688777
Q3 202415 Dec 2025 - Q3 net profit fell 61.25% year-over-year amid competition, but AI and robotics grew.688777
Q3 202525 Oct 2025 - Q1 2025 net profit fell 17.42% on lower revenue and higher R&D investment.688777
Q1 20256 Jun 2025
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