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TBEA (600089) investor relations material
TBEA 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 RMB 24.95 billion, up 6.8% year-over-year, with net profit attributable to shareholders at RMB 1.81 billion, a 13.4% increase year-over-year.
Total assets grew 6.27% from year-end 2025 to RMB 241.4 billion, and shareholders' equity rose 3.04% to RMB 76.66 billion.
Financial highlights
Operating income for Q1 2026 was RMB 2.55 billion, up 20.8% year-over-year.
Basic and diluted EPS were both RMB 0.3614, up 13.4% year-over-year.
Net cash flow from operating activities dropped 49.9% year-over-year to RMB 527 million, mainly due to lower average coal sales prices impacting energy segment cash inflow.
Gross margin improved as revenue growth outpaced cost increases.
Outlook and guidance
Management highlighted ongoing government support and market demand, but noted volatility in commodity prices and cash flow pressures.
- Net profit surged 43.69% to ¥5.95B, with strong power transmission and gold growth.600089
H2 202516 Apr 2026 - Revenue and net profit rose, with power equipment and international gains offsetting new energy, coal declines.600089
H1 202524 Dec 2025 - Net profit fell 54.17% year-over-year on lower polysilicon and coal prices, despite stable revenue.600089
Q3 202424 Dec 2025 - Net profit dropped 59% as polysilicon prices collapsed, despite growth in power segments.600089
H1 202424 Dec 2025 - Net profit soared 81.5% in Q3 2025, driven by fair value gains and non-recurring items.600089
Q3 202531 Oct 2025 - 2024 profit fell 61% on polysilicon slump; 2025 revenue target set at RMB 105 billion.600089
H2 20249 Jun 2025 - Net profit fell nearly 20% in Q1 2025 amid weaker polysilicon and coal prices.600089
Q1 20256 Jun 2025
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