CIG Shanghai (603083) Q1 2026 earnings summary

Executive summary

• Operating revenue reached RMB 1,286.6 million for Q1 2026, up 43.98% year-over-year, driven by increased shipment volume of core business products.

• Net profit attributable to shareholders was RMB 118.3 million, a 276.44% year-over-year increase, reflecting enhanced profitability.

• The company is expanding production capacity domestically and overseas to address international trade challenges and delivery pressures.

Financial highlights

• Total profit for Q1 2026 was RMB 97.2 million, up 225.21% year-over-year.

• Net profit after deduction of non-recurring gains and losses was RMB 116.9 million, up 285.90% year-over-year.

• Basic and diluted EPS were both RMB 0.34, up 183.33% year-over-year.

• Weighted average return on net assets increased by 0.23 percentage points to 1.58%.

• Net cash flows from operating activities were negative RMB 219.4 million, mainly due to increased purchase expenditure and inventory buildup.

Outlook and guidance

• The company will strengthen management of accounts receivable and cash flow coordination to support steady operations.

• Strategic inventory buildup and capacity expansion are ongoing to meet growing demand and mitigate supply chain risks.