Tongfu Microelectronics (002156) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥7.48 billion, up 22.8% year-over-year, with net profit attributable to shareholders at ¥329 million, a 224.6% increase year-over-year.

• Gross margin and profitability improved, driven by higher sales of mid-to-high-end products and effective investment strategies.

• Cash flow from operating activities decreased 35.4% year-over-year, reflecting changes in cash inflows and outflows.

Financial highlights

• Operating income rose to ¥469.6 million, up 128% year-over-year.

• Basic and diluted EPS were ¥0.2168, compared to ¥0.0668 in Q1 2025.

• Total assets increased 4.15% from year-end 2025 to ¥49.23 billion.

• Equity attributable to shareholders grew 1.06% to ¥15.66 billion.

• Non-recurring gains contributed ¥157 million, mainly from fair value changes and government subsidies.

Outlook and guidance

• Management highlights continued focus on expanding mid-to-high-end product lines and optimizing supply chain investments.