Circuit Fabology Microelectronics Equipment Co (688630) Q1 2026 earnings summary

Executive summary

• Revenue surged 112.48% year-over-year to RMB 514.7 million, driven by strong demand in high-end PCB and advanced packaging equipment, as well as industry tailwinds from AI and advanced packaging.

• Net profit attributable to shareholders rose 108.98% year-over-year to RMB 108.4 million, with adjusted net profit up 104.34%.

• Operating cash flow turned positive, reaching RMB 164.6 million, a significant improvement from a negative RMB 31.3 million in the prior year.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; operating profit reached RMB 122.96 million, up 117.18% year-over-year.

• Basic EPS was RMB 0.83, up 112.82% year-over-year; diluted EPS was RMB 0.82.

• R&D investment increased 56.44% to RMB 36.0 million, though R&D as a percentage of revenue decreased to 7.00%.

• Total assets grew 9.49% to RMB 3.41 billion; shareholders’ equity rose 4.79% to RMB 2.42 billion.

Outlook and guidance

• Industry remains robust, supported by AI computing and advanced packaging trends, with management expecting continued high demand and capacity expansion.