Hisense Visual Technology (600060) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 13.72 billion, up 9.40% year-over-year.

• Net profit attributable to shareholders was RMB 590.55 million, an 6.71% increase year-over-year.

• Adjusted net profit (excluding non-recurring items) was RMB 454.31 million, up 0.55% year-over-year.

• The company completed a business combination under common control, leading to retrospective adjustments in prior period financials.

Financial highlights

• Operating income for Q1 2026 was RMB 837.91 million, up 11.88% year-over-year.

• Basic and diluted EPS were both RMB 0.453, up 6.84% year-over-year.

• Gross margin improved as cost of sales grew slower than revenue.

• Net cash flow from operating activities was RMB 754.02 million, down 37.92% year-over-year due to revenue timing.

• Total assets at quarter-end were RMB 45.71 billion, up 2.53% from year-end 2025.

Outlook and guidance

• No explicit forward-looking guidance provided, but management notes stable operations and continued focus on core business.