Canny Elevator (002367) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥793.58 million, up 8.91% year-over-year, while net profit attributable to shareholders dropped 46.75% to ¥36.81 million.

• Cash flow from operating activities was negative at -¥191.86 million, a significant deterioration from the previous year.

• The company held effective orders totaling ¥6.23 billion as of March 31, 2026, with additional signed contracts for major rail transit projects.

Financial highlights

• Operating income increased 8.91% year-over-year; net profit attributable to shareholders fell 46.75%.

• Basic and diluted EPS were ¥0.0461, down 46.83% year-over-year.

• Total assets decreased 4.47% from year-end 2025 to ¥7.08 billion.

• Net cash flow from operating activities declined 223.14% year-over-year.

• Gross margin declined as cost of sales rose faster than revenue.

Outlook and guidance

• As of March 31, 2026, effective orders stood at ¥6.23 billion, not including several large new contracts signed but not yet included in the backlog.

• Additional contracts for rail transit projects totaling ¥2.048 billion in maintenance services have been signed.