Canmax Technologies (300390) Q1 2026 earnings summary

Executive summary

• Revenue surged 89.62% year-over-year to ¥3.20 billion, driven by higher lithium battery product sales volume and price increases.

• Net profit attributable to shareholders reached ¥968.91 million, up 29,632.29% year-over-year, reflecting a significant turnaround from a low base.

• Operating cash flow improved but remained negative at -¥183.25 million, narrowing losses compared to the prior year.

• The company submitted an H-share listing application to the Hong Kong Stock Exchange in April 2026.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases.

• Basic and diluted EPS both rose to ¥1.17 from ¥0.07 year-over-year.

• Total assets increased 11.60% from year-end to ¥25.77 billion.

• Net assets attributable to shareholders rose 8.71% to ¥12.34 billion.

• Cash and equivalents at period-end were ¥4.97 billion, up from ¥3.78 billion at the start of the year.

Outlook and guidance

• Expansion in lithium battery materials and ongoing investment in new projects signal continued growth focus.

• H-share listing aims to broaden capital access and support internationalization.