Beijing Oriental Yuhong Waterproof Technology (002271) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥7.19 billion, up 20.74% year-over-year, with net profit attributable to shareholders at ¥401.84 million, a 108.89% increase year-over-year.

• Adjusted net profit (excluding non-recurring items) rose 110.73% year-over-year to ¥361.74 million.

• Gross margin and overall profitability improved, driven by higher sales and better cost management.

Financial highlights

• Operating cash flow was negative at -¥944.65 million, down 16.22% year-over-year.

• Basic and diluted EPS both increased to ¥0.17, up 112.5% year-over-year.

• Total assets at quarter-end were ¥42.84 billion, up 2.63% from year-end 2025.

• Shareholders’ equity rose 1.89% to ¥20.51 billion.

• Significant increase in investment income (up 2383.62%) and financial expenses (up 306.78%) due to asset disposals and higher interest costs.

Outlook and guidance

• Ongoing expansion in domestic and international markets, with several new production and R&D projects underway.

• Continued focus on internationalization, highlighted by recent overseas acquisitions.