Guangzhou Haige Communications Group Incorporated Company (002465) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥1.06 billion, up 1.84% year-over-year, while net profit attributable to shareholders dropped 87.22% to ¥5.83 million.

• Excluding non-recurring items, net profit was negative ¥47.46 million, a significant decline from the prior year.

• Cash flow from operating activities improved but remained negative at -¥49.96 million.

Financial highlights

• Operating income: ¥1.06 billion, up 1.84% year-over-year.

• Net profit attributable to shareholders: ¥5.83 million, down 87.22% year-over-year.

• Basic and diluted EPS: ¥0.0024, down 86.96% year-over-year.

• Total assets at quarter-end: ¥22.37 billion, up from ¥21.27 billion at year-end.

• Owner's equity: ¥11.42 billion.

Outlook and guidance

• Board approved a three-year shareholder return plan (2026–2028), pending shareholder approval.

• Company authorized to use up to ¥2.5 billion in idle funds for cash management, subject to shareholder approval.

• Board approved up to ¥5.5 billion in bank credit lines for 2026, pending shareholder approval.