Anhui Gujing Distillery (000596) Q1 2026 earnings summary

Executive summary

• Q1 2026 operating revenue was RMB 7.45 billion, down 18.59% year-over-year from Q1 2025.

• Net profit attributable to shareholders was RMB 1.61 billion, a 31.03% decrease year-over-year.

• Basic and diluted EPS both fell to RMB 3.04, down 31.07% year-over-year.

Financial highlights

• Net cash generated from operating activities increased 3.59% year-over-year to RMB 1.91 billion.

• Total assets grew 6.35% from December 31, 2025, reaching RMB 40.62 billion.

• Equity attributable to shareholders rose 4.29% to RMB 26.12 billion since year-end 2025.

• Gross margin declined as cost of sales and expenses remained high relative to revenue.

Key financial ratios and metrics

• Weighted average return on equity dropped to 6.30% from 9.21% year-over-year.

• Operating profit for Q1 2026 was RMB 2.20 billion, down 30.54% year-over-year.