Hoshine Silicon Industry (603260) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 5.01 billion, down 4.25% year-over-year, with net profit attributable to shareholders at RMB 77.34 million, a 70.21% decline from the same period last year.

• The sharp drop in profit was mainly due to lower industrial silicon prices and increased inventory write-downs in the photovoltaic sector.

Financial highlights

• Operating income: RMB 5.01 billion, down 4.25% year-over-year.

• Net profit attributable to shareholders: RMB 77.34 million, down 70.21% year-over-year.

• Operating cash flow: RMB 1.26 billion, down 23.42% year-over-year.

• Basic and diluted EPS: RMB 0.07, down 68.18% year-over-year.

• Gross margin declined due to lower product prices and higher impairment provisions.

Outlook and guidance

• Management attributes profit decline to market price pressures and expects continued volatility in industrial silicon and photovoltaic sectors.