Befar Group (601678) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue was RMB 3.923bn, up 3.70% YoY; total profit rose 87.94% to RMB 231.05m and attributable net income increased 52.55% to RMB 146.44m.

• Earnings growth reflected higher product gross profit and lower period expenses, partly offset by reduced investment income.

Financial highlights

• Revenue reached RMB 3.923bn vs RMB 3.782bn YoY; operating costs were RMB 3.668bn vs RMB 3.708bn.

• Attributable net income was RMB 146.44m, up 52.55% YoY; net income excluding non-recurring gains was RMB 119.41m, up 79.84%.

• Total profit was RMB 231.05m vs RMB 122.93m YoY; net income was RMB 153.99m vs RMB 95.82m.

• Non-recurring gains totaled RMB 27.03m, including RMB 29.19m from financial asset fair-value changes and disposals, before tax and minority-interest effects.

Key financial ratios and metrics

• Basic and diluted EPS were RMB 0.08, up 60.00% YoY; weighted average ROE was 1.26%, up 0.42 percentage points.

• Total assets were RMB 24.397bn at quarter-end, up 0.57% from year-end; parent shareholders’ equity was RMB 11.689bn, up 1.46%.