Beijing New Building Materials (000786) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥6.16 billion, down 1.32% year-over-year; net profit attributable to shareholders was ¥803.82 million, down 4.56% year-over-year.

• Operating cash flow was negative ¥605.59 million, a significant decline of 173.40% year-over-year.

• Total assets increased 3.26% from year-end 2025 to ¥37.27 billion; shareholders' equity rose 2.85% to ¥27.94 billion.

Financial highlights

• Gross margin and net margin both declined, with basic and diluted EPS at ¥0.472, down 5.22% year-over-year.

• Non-recurring gains totaled ¥27.91 million, mainly from government subsidies, fair value changes, and negative goodwill from acquisitions.

• Cash and cash equivalents at period end were ¥2.31 billion, up from ¥1.43 billion at the start of the year.

Outlook and guidance

• No explicit forward-looking guidance provided, but management notes ongoing impacts from changes in sales policy and external market conditions.