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China Merchants Shekou Industrial Zone (001979) investor relations material
China Merchants Shekou Industrial Zone Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached ¥23.67 billion, up 15.74% year-over-year, but net profit attributable to shareholders dropped 91.22% to ¥39.12 million due to lower gross margins and reduced investment income.
Operating cash flow improved significantly, with net outflow narrowing to ¥3.77 billion from ¥8.79 billion in the prior year, mainly due to reduced payments for land and construction.
Financial highlights
Revenue: ¥23.67 billion, up 15.74% year-over-year.
Net profit attributable to shareholders: ¥39.12 million, down 91.22% year-over-year.
Basic and diluted EPS: ¥0.004, down 90% year-over-year.
Operating cash flow: -¥3.77 billion, a 57.12% improvement year-over-year.
Total assets: ¥833.47 billion, down 0.23% from year-end 2025.
Outlook and guidance
Profitability was impacted by uneven project delivery and lower gross margins in real estate, with management expecting continued volatility due to project timing.
- Net profit plunged 74.65% on a 13.53% revenue drop, with a focus on cash flow and debt optimization.001979
H2 202517 Mar 2026 - Revenue rose slightly, but net profit dropped sharply amid margin and impairment pressures.001979
H2 202418 Dec 2025 - Profits and key metrics fell sharply on flat revenue; all data remains unaudited.001979
H1 202418 Dec 2025 - Revenue up, but profit and cash flow down sharply amid real estate sector challenges.001979
Q3 202416 Dec 2025 - Q3 2025 revenue up 43.18% year-over-year, but net profit down 11.38%.001979
Q3 202531 Oct 2025 - H1 2025 saw modest profit growth, improved margins, and strong liquidity despite cash flow pressure.001979
H1 202529 Aug 2025 - Net profit surged 34% year-over-year despite a 13.9% revenue decline in Q1 2025.001979
Q1 20256 Jun 2025
Next China Merchants Shekou Industrial Zone earnings date
Next China Merchants Shekou Industrial Zone earnings date
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