Wuxi Lead Intelligent Equipment (300450) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥3.69 billion, up 19.11% year-over-year from ¥3.10 billion.

• Net profit attributable to shareholders was ¥405 million, a 10.99% increase year-over-year.

• Cash flow from operating activities rose 44.38% year-over-year to ¥1.25 billion.

• H-share IPO completed in Hong Kong, raising significant capital.

Financial highlights

• Basic and diluted EPS were both ¥0.26, up 13.04% year-over-year.

• Gross margin improved as revenue growth outpaced cost increases.

• Total assets at quarter-end were ¥46.49 billion, up 18.98% from year-end 2025.

• Shareholders’ equity increased 35.99% to ¥17.87 billion.

• Non-recurring gains totaled ¥4.42 million, mainly from government grants and fair value changes.

Outlook and guidance

• Management expects continued growth, leveraging new capital from the H-share listing.