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MetaX
MetaX (688802) investor relations material
MetaX Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary30 Apr, 2026
Executive summary
Revenue for Q1 2026 reached RMB 561.92 million, up 75.37% year-over-year, driven by strong GPU product shipments and customer demand.
Net loss attributable to shareholders narrowed to RMB 98.84 million from RMB 232.51 million in Q1 2025.
R&D investment increased 16.27% year-over-year to RMB 253.35 million, representing 45.09% of revenue.
Financial highlights
Operating loss for Q1 2026 was RMB 88.51 million, a significant improvement from RMB 231.73 million loss in Q1 2025.
Basic and diluted EPS were both -0.25, compared to -0.90 in the prior year.
Total assets at quarter-end were RMB 13.56 billion, slightly down from RMB 13.67 billion at year-end 2025.
Net cash outflow from operating activities was RMB 549.52 million, compared to RMB 531.32 million outflow in Q1 2025.
Outlook and guidance
Management attributes revenue growth to increased market recognition and sustained procurement of GPU products.
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