Sieyuan Electric (002028) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥4.57 billion, up 41.6% year-over-year, driven by increased business volume.

• Net profit attributable to shareholders was ¥549.95 million, a 23.17% increase year-over-year.

• Basic and diluted EPS both rose to ¥0.70, up 22.81% from the prior year.

Financial highlights

• Operating cash flow was negative ¥482.50 million, improving 13.65% year-over-year.

• Total assets at quarter-end were ¥30.37 billion, up 1.79% from year-end 2025.

• Shareholders’ equity increased 4.03% to ¥16.12 billion.

• Gross margin and other profitability metrics improved alongside revenue growth.

Outlook and guidance

• Continued focus on expanding business volume and strengthening R&D and market investment.