Zhejiang Chint Electrics Co (601877) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 21.30 billion, up 46.33% year-over-year, with net profit attributable to shareholders at RMB 1.27 billion, an 8.92% increase year-over-year.

• Operating cash flow surged 70.40% year-over-year to RMB 4.12 billion.

• Growth primarily driven by expansion in the household power station business and reduced cash outflows for goods and services.

Financial highlights

• Total assets at quarter-end were RMB 152.70 billion, down 3.75% from year-end 2025.

• Shareholders’ equity attributable to listed company shareholders rose 2.23% to RMB 45.49 billion.

• Basic and diluted EPS both at RMB 0.59, up 7.27% year-over-year.

• Gross margin and operating profit improved, with total profit up 19.85% year-over-year to RMB 2.31 billion.

Outlook and guidance

• Management highlights continued focus on expanding core business segments and optimizing cash flow.