China Resources Microelectronics (688396) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 2.86 billion, up 21.34% year-over-year, driven by a semiconductor market rebound.

• Net profit attributable to shareholders surged 296.56% year-over-year to RMB 330 million, with significant non-recurring gains.

• Operating cash flow increased 131.50% year-over-year to RMB 627 million, reflecting improved collections.

Financial highlights

• Total revenue: RMB 2.86 billion, up 21.34% year-over-year.

• Net profit: RMB 330 million, up 296.56% year-over-year.

• Operating cash flow: RMB 627 million, up 131.50% year-over-year.

• Basic and diluted EPS: RMB 0.2486, up 295.23% year-over-year.

• Gross margin improved due to higher sales and market recovery.

Outlook and guidance

• Management attributes strong growth to semiconductor market recovery and expects continued positive momentum.