Beijing North Star Company (588) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 increased by 7.26% year-over-year to RMB 1.28 billion, while net loss attributable to owners narrowed to RMB 150.9 million from RMB 294.9 million in Q1 2025.

• Net cash flow from operating activities turned positive at RMB 119.5 million, compared to a negative RMB 21.5 million in the prior year.

Financial highlights

• Total assets decreased by 1.26% from year-end 2025 to RMB 42.62 billion.

• Owners' equity attributable to owners fell by 2.25% to RMB 6.55 billion.

• Basic and diluted EPS improved to -0.04 from -0.09 year-over-year.

• Non-recurring items contributed a net gain of RMB 2.92 million in Q1 2026.

Outlook and guidance

• Losses narrowed mainly due to improved gross profit margin in the real estate development segment.

• Cash flow improvement attributed to reduced cash outflows for goods, services, and taxes.