Jiangsu Eastern Shenghong (000301) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥32.02 billion, up 5.65% year-over-year, with net profit attributable to shareholders surging 319.86% to ¥1.43 billion.

• Operating cash flow turned positive at ¥3.53 billion, compared to a negative ¥2.69 billion in the prior year.

• Basic EPS rose to ¥0.22, a 340% increase year-over-year.

Financial highlights

• Gross margin improved as operating costs grew slower than revenue; net margin expanded significantly.

• Non-recurring gains contributed ¥116 million, mainly from government subsidies and fair value changes.

• Total assets increased 2.5% to ¥210.36 billion; shareholders’ equity rose 4.5% to ¥35.64 billion since year-end.

Segment performance

• R&D expenses increased 49.45% year-over-year, reflecting higher investment in innovation.

• Tax and surcharges rose 60.6% due to higher consumption tax payments.