Yutong Bus (600066) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 5.91 billion, down 7.92% year-over-year.

• Net profit attributable to shareholders was RMB 659 million, a decrease of 12.69% year-over-year.

• Operating cash flow surged 146.51% year-over-year to RMB 3.49 billion.

Financial highlights

• Gross profit margin declined as cost of sales remained high relative to revenue.

• Basic and diluted EPS were both RMB 0.30, down from RMB 0.34 in Q1 2025.

• Total assets increased 2.60% from year-end 2025 to RMB 33.85 billion.

• Shareholders’ equity rose 3.99% to RMB 16.23 billion compared to year-end 2025.

Outlook and guidance

• No explicit forward-looking guidance provided, but strong cash flow positions the company for future investments.