Gree Electric Appliances (000651) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥42.97 billion, up 3.52% year-over-year.

• Net profit attributable to shareholders was ¥6.08 billion, a 3.01% increase year-over-year.

• Cash flow from operating activities declined 29.11% year-over-year to ¥7.80 billion.

Financial highlights

• Basic and diluted EPS were both ¥1.09, up 1.87% from the prior year.

• Total assets at quarter-end were ¥381.61 billion, down 2.49% from year-end 2025.

• Shareholders’ equity increased 4.18% to ¥152.02 billion compared to year-end 2025.

• Non-recurring profit items contributed ¥379.98 million, including government subsidies and tax incentives.

Key financial ratios and metrics

• Weighted average ROE was 4.07%, down 0.14 percentage points year-over-year.

• Net profit margin remained stable, with only a slight increase in net profit despite higher revenue.