Beijing SinoHytec (688339) Q1 2026 earnings summary

Executive summary

• Revenue increased 58.40% year-over-year to RMB 16.67 million, driven by higher fuel cell system sales and growth in technical development services.

• Net loss attributable to shareholders narrowed by 45.12% year-over-year to RMB -51.04 million.

• Operating cash outflow improved, with net outflow reduced by 43.15% year-over-year.

Financial highlights

• Total revenue: RMB 16.67 million (up 58.40% year-over-year).

• Net loss attributable to shareholders: RMB -51.04 million (vs. -93.01 million last year).

• Basic and diluted EPS: RMB -0.21 (vs. -0.40 last year).

• Operating cash flow: RMB -50.19 million (vs. -88.28 million last year).

• R&D investment: RMB 7.17 million, down 58.51% year-over-year.

Outlook and guidance

• Revenue growth expected to continue, supported by increased sales and service income.

• Ongoing focus on optimizing R&D project management and cost control.