Hangzhou Changchuan Technology (300604) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥1.38 billion, up 69.09% year-over-year, with net profit attributable to shareholders at ¥352.54 million, a 217.60% increase year-over-year.

• Net profit excluding non-recurring items surged 612.27% year-over-year, reflecting strong core business growth.

• Cash flow from operating activities was negative at -¥209.37 million, down 272.97% year-over-year, mainly due to increased procurement and expense outflows.

Financial highlights

• Basic EPS was ¥0.5571, up 213.68% year-over-year; diluted EPS was ¥0.5472.

• Gross margin improved as revenue growth outpaced cost increases; operating profit rose sharply.

• Total assets at quarter-end were ¥11.29 billion, up 3.43% from year-end 2025; shareholders’ equity rose 7.58%.

• Non-recurring gains totaled ¥27.21 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• Management attributes revenue and profit growth to sustained sales demand and effective cost control.

• No explicit forward-looking guidance provided, but positive momentum is highlighted.