Heilongjiang Agriculture Company (600598) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 1.05 billion, up 9.54% year-over-year, with net profit attributable to shareholders rising 7.84% to RMB 580.89 million.

• Operating cash flow increased 7.81% year-over-year to RMB 5.57 billion.

• Total assets surged 71.33% from year-end 2025, mainly due to significant increases in monetary funds and prepayments.

Financial highlights

• Operating income: RMB 1,046.87 million, up 9.54% year-over-year.

• Net profit attributable to shareholders: RMB 580.89 million, up 7.84% year-over-year.

• Basic and diluted EPS: RMB 0.327, up 7.92% year-over-year.

• Operating cash flow: RMB 5.57 billion, up 7.81% year-over-year.

• Total assets: RMB 15.35 billion, up 71.33% from year-end 2025.

Key financial ratios and metrics

• Weighted average ROE: 7.00%, up 0.33 percentage points year-over-year.

• Gross margin improved as operating costs grew slower than revenue.