Gotion High-tech Co. (002074) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥11.71 billion, up 29.3% year-over-year, while net profit attributable to shareholders dropped 79.04% to ¥21.09 million.

• Net profit excluding non-recurring items rose 179.51% year-over-year to ¥40.78 million.

• Operating cash flow increased 21.79% year-over-year to ¥155.28 million.

Financial highlights

• Gross margin and profitability were pressured, with basic and diluted EPS at ¥0.01, down 83.33% year-over-year.

• Total assets grew 4.87% from year-end to ¥133.41 billion; shareholders’ equity decreased 0.66% to ¥28.93 billion.

• Significant increase in financial expenses (up 68.11%) due to higher exchange losses.

• Other income more than doubled, mainly from increased government subsidies.

• Net cash used in investing activities surged due to higher long-term asset investments.

Outlook and guidance

• The company is actively raising funds through bond and equity issuances to support future growth and liquidity.