China XD Electric Co (601179) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 5,511.55 million, up 5.09% year-over-year.

• Net profit attributable to shareholders was RMB 346.60 million, a 17.54% increase year-over-year.

• Operating cash flow remained negative at RMB -565.51 million, but improved from the previous year.

Financial highlights

• Total assets at quarter-end were RMB 48,151.55 million, down 1.68% from year-end 2025.

• Shareholders’ equity increased 1.62% to RMB 23,353.15 million compared to year-end 2025.

• Basic and diluted EPS both rose to RMB 0.0676, up 17.57% year-over-year.

• Gross margin improved as cost controls and revenue growth outpaced expense increases.

Outlook and guidance

• Management did not provide explicit forward-looking guidance in this report.