BAIC BluePark New Energy Technology (600733) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 4.10 billion, up 8.65% year-over-year, while net loss attributable to shareholders narrowed to RMB 870 million from RMB 953 million in Q1 2025.

• Operating cash flow was negative RMB 1.96 billion, a significant deterioration from negative RMB 237 million in the prior year.

• Shareholder equity surged 534% to RMB 6.02 billion, mainly due to capital injections.

Financial highlights

• Gross revenue increased 8.65% year-over-year to RMB 4.10 billion.

• Net loss attributable to shareholders improved to RMB 870 million from RMB 953 million year-over-year.

• Basic and diluted EPS were both -0.14, compared to -0.17 in Q1 2025.

• Operating cash flow was negative RMB 1.96 billion, down sharply from negative RMB 237 million year-over-year.

• Total assets rose 10.06% to RMB 36.94 billion at quarter-end.

Outlook and guidance

• Shareholder equity increase attributed to receipt of capital injections during the period.