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Shenzhen Envicool Technology (002837) investor relations material
Shenzhen Envicool Technology Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 reached ¥3.02 billion, up 17.24% year-over-year, with net profit attributable to shareholders at ¥184.77 million, down 14.32% year-over-year.
Gross margin declined to 24.93%, mainly due to product and regional sales mix shifts and increased competition.
Domestic market remains dominant but overseas revenue surged 71.39% year-over-year, though still a small share.
Cash flow from operations turned positive at ¥61.87 million, compared to a significant outflow last year.
Financial highlights
Operating income: ¥3.02 billion (+17.24% YoY); net profit: ¥184.77 million (-14.32% YoY).
Gross margin: 24.93% (-1.22ppt YoY); basic/diluted EPS: ¥0.15 (-11.76% YoY).
Total assets: ¥8.65 billion (+11.62% from year-end); net assets: ¥3.58 billion (+4.03%).
R&D investment: ¥226.64 million (+15.70% YoY); financial expenses rose sharply due to FX losses and higher interest.
Non-recurring gains: ¥9.28 million, mainly from government subsidies and asset disposals.
Outlook and guidance
Management expects continued growth in data center, energy storage, and overseas markets, but notes margin pressure from competition and sales mix.
Focus remains on R&D, innovation, and expanding international presence.
- H1 2024 revenue rose 38% and net profit nearly doubled, led by data center cooling growth.002837
Q2 2024 - Revenue and profit surged over 30% year-over-year, led by data center and storage energy growth.002837
Q4 2024 - Q3 revenue and net profit surged over 39% and 43% year-over-year, with robust cash flow growth.002837
Q3 2024 - Revenue up 25%, but net profit down 22.5% as costs surge and cash flow turns negative.002837
Q1 2025 - Record revenue and profit growth driven by data center demand and global expansion.002837
Q4 2025 - Net profit of RMB 17.01 million and 3.81% growth, with high equity allocation and sector diversity.002837
Q2 2025 - Q3 2025 revenue and net profit grew strongly, led by data center energy-saving product demand.002837
Q3 2025 - Revenue up 26% but net profit fell 82% amid rising costs and negative cash flow.002837
Q1 2026
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