Citic Pacific Special Steel Group (000708) Q1 2026 earnings summary

Executive summary

• Net profit attributable to shareholders rose 9.23% year-over-year to ¥1.51 billion in Q1 2026.

• Revenue declined slightly by 1.29% year-over-year to ¥26.49 billion.

• Cash flow from operating activities improved significantly, turning positive at ¥145 million from a negative ¥946 million a year ago.

Financial highlights

• Operating income for Q1 2026 was ¥1.82 billion, up from ¥1.77 billion in Q1 2025.

• Basic EPS increased 9.12% year-over-year to ¥0.299.

• Gross margin improved as cost controls and efficiency measures took effect.

• Total assets at quarter-end were ¥108.98 billion, down 1.21% from year-end 2025.

• Net assets attributable to shareholders rose 3.46% to ¥45.10 billion.

Outlook and guidance

• Management emphasized ongoing optimization of working capital and sales settlement structure to sustain cash flow improvements.