Hangzhou Silan Microelectronics (600460) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 3.52 billion, up 17.31% year-over-year, with net profit attributable to shareholders rising 40.57% to RMB 208.84 million.

• Growth driven by expansion in high-barrier markets such as white goods, electric vehicles, new energy, communications, and industrial sectors.

• Continued focus on IDM model, product diversity, and cost control led to improved gross margin compared to Q4 2025.

Financial highlights

• Operating income: RMB 3.52 billion, up 17.31% year-over-year.

• Net profit attributable to shareholders: RMB 208.84 million, up 40.57% year-over-year.

• Basic and diluted EPS: RMB 0.13, up 44.44% year-over-year.

• Operating cash flow: RMB 24.68 million, down 93.81% year-over-year due to increased payments for goods, services, and staff.

• Total assets at quarter-end: RMB 27.99 billion, up 4.55% from year-end 2025.

Outlook and guidance

• Management expects continued growth by leveraging IDM advantages and expanding into high-growth sectors.

• Ongoing investment in technology and capacity to maintain competitive edge.