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Edge1 May 2026
Making the Marlboro Man
The story of Marlboro's transformation from a women's cigarette to a global icon: one of the most effective brand repositionings in history.
Yunnan Yuntianhua
Yunnan Yuntianhua (600096) investor relations material
Yunnan Yuntianhua Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary28 Apr, 2026
Executive summary
Revenue for Q1 2026 was RMB 11.98 billion, down 8.06% year-over-year.
Net profit attributable to shareholders reached RMB 1.42 billion, up 10.39% year-over-year.
Basic and diluted EPS were RMB 0.7816, up 10.4% year-over-year.
The company completed a same-control merger in December 2025, impacting comparative figures.
Financial highlights
Operating cash flow was RMB 2.40 billion, down 15.95% year-over-year.
Total assets at quarter-end were RMB 52.79 billion, up 4.86% from year-end 2025.
Shareholders’ equity attributable to listed company shareholders rose 5.99% to RMB 26.05 billion.
Gross margin improved as operating costs fell faster than revenue.
Outlook and guidance
No explicit forward-looking statements or guidance provided for future quarters.
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Latest events from Yunnan Yuntianhua
- Net profit fell 3.40% to RMB 5.16 billion, with a 49.5% dividend payout ratio.600096
H2 202524 Mar 2026 - Net profit up 17.93% to ¥5.33B, with strong margins and high cash dividends.600096H2 202416 Dec 2025
- Q3 2025 net profit surged 24.3% year-over-year despite a 14.4% revenue drop.600096Q3 202529 Oct 2025
- Revenue and profit declined, but cost control and core business focus supported stable results.600096H1 202520 Aug 2025
- Q3 net profit jumped 54% year-over-year on higher fertilizer prices and lower costs.600096Q3 202413 Jun 2025
- Net profit up 6.10% to RMB 2.84B on stable margins and strong cash flow.600096H1 202413 Jun 2025
- Revenue and profit fell in Q1 2025, but cash flow and equity showed resilience.600096Q1 20256 Jun 2025
Next Yunnan Yuntianhua earnings date
Q2 202621 Aug, 2026
Yunnan Yuntianhua
Next Yunnan Yuntianhua earnings date
Q2 202621 Aug, 2026
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