AECC AVIATION POWER (600893) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 7.08 billion, up 14.8% year-over-year, while net profit attributable to shareholders dropped 65.93% to RMB 2.56 million due to increased expenses and reduced other income.

• Operating cash flow improved significantly, rising 63.22% year-over-year to RMB 3.37 billion.

Financial highlights

• Total assets at quarter-end were RMB 122.72 billion, down 0.28% from year-end 2025.

• Net profit attributable to shareholders was RMB 2.56 million, a sharp decline from RMB 7.51 million in Q1 2025.

• Basic and diluted EPS both fell 64.29% year-over-year to RMB 0.0010.

• Net cash from operating activities increased to RMB 3.37 billion from RMB 2.06 billion a year ago.

Outlook and guidance

• R&D expenses increased 24.82% year-over-year, reflecting ongoing investment in innovation and project cycles.