Beijing Shougang Co (000959) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥25.08 billion, down 5.65% year-over-year after restatement.

• Net profit attributable to shareholders was ¥174.07 million, a 47.17% decrease year-over-year.

• Cash flow from operating activities was negative ¥2.64 billion, a significant decline from the previous year.

• Major changes in financials were attributed to sales declines outpacing procurement cost reductions.

Financial highlights

• Operating income: ¥25.08 billion, down from ¥26.58 billion year-over-year.

• Net profit attributable to shareholders: ¥174.07 million, down from ¥329.46 million year-over-year.

• Basic and diluted EPS: ¥0.0226, down 46.82% year-over-year.

• Net cash flow from operating activities: -¥2.64 billion, compared to -¥1.24 billion last year.

• Total assets at period end: ¥124.69 billion.

Outlook and guidance

• No explicit forward-looking guidance provided, but management notes ongoing impact from sales and procurement imbalances.