Huaming Power Equipment (002270) Q1 2026 earnings summary

Executive summary

• Achieved revenue of ¥530.27 million in Q1 2026, up 4.07% year-over-year, with net profit attributable to shareholders at ¥163.03 million, down 4.85% year-over-year.

• Excluding share-based payment impact, net profit attributable to shareholders rose 3.6% year-over-year.

• Cash flow from operating activities increased 50.3% year-over-year to ¥92.37 million.

Financial highlights

• Revenue: ¥530.27 million (+4.07% YoY); Net profit: ¥163.03 million (-4.85% YoY); EPS: ¥0.1825 (-4.55% YoY).

• Net profit excluding non-recurring items: ¥143.10 million (-9.51% YoY).

• Gross margin and operating cost details show increased R&D and financial expenses.

• Total assets at period end: ¥5.01 billion (-3.74% from year-end 2025).

Outlook and guidance

• Overseas business expansion and H-share listing in Hong Kong planned to enhance global presence and competitiveness.