Hangzhou Greatstar Industrial (002444) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥3.77 billion, up 3.18% year-over-year, with net profit attributable to shareholders rising 11.87% to ¥515 million.

• Basic and diluted EPS were ¥0.4315, compared to ¥0.3857 in Q1 2025.

• Cash flow from operating activities dropped sharply by 86.17% year-over-year, mainly due to changes in working capital.

Financial highlights

• Gross profit increased as revenue outpaced cost growth, with operating profit at ¥609 million versus ¥587 million a year ago.

• Net profit attributable to shareholders was ¥515 million, up from ¥461 million year-over-year.

• Total assets at quarter-end were ¥23.83 billion, up 0.88% from year-end 2025.

• Shareholders’ equity rose 1.64% to ¥19.12 billion.

• Non-recurring gains totaled ¥9.95 million, mainly from government grants and fair value changes.

Key financial ratios and metrics

• Weighted average ROE was 2.72%, slightly down from 2.77% in Q1 2025.

• Gross margin improved as cost increases were contained relative to revenue growth.

• Operating cash flow margin declined significantly due to working capital changes.