Beijing Easpring Material Technology (300073) Q1 2026 earnings summary

Executive summary

• Revenue surged 137.19% year-over-year in Q1 2026, driven by higher lithium cathode material sales and price increases.

• Net profit attributable to shareholders rose 150.25% year-over-year, reflecting strong operational performance.

• Significant increases in R&D and management expenses supported expansion and innovation.

Financial highlights

• Q1 2026 revenue: ¥4.53 billion, up 137.19% year-over-year.

• Net profit attributable to shareholders: ¥276.84 million, up 150.25% year-over-year.

• Basic and diluted EPS: ¥0.5086, up 132.88% year-over-year.

• Gross margin improved as revenue growth outpaced cost increases.

• Operating cash flow decreased 49.93% year-over-year due to higher prepayments.

Outlook and guidance

• Continued growth expected from lithium cathode materials, supported by robust demand and favorable pricing.

• Ongoing investments in European new materials base to drive future capacity and revenue.