Hotai Motor (2207) Q1 2026 earnings summary

Executive summary

• Consolidated revenue for Q1 2026 was NT$71.33 billion, down 2.4% year-over-year from NT$73.11 billion in Q1 2025.

• Net income attributable to owners was NT$4.43 billion, up 11.4% from NT$3.97 billion in Q1 2025.

• Basic EPS rose to NT$7.95 from NT$7.13 year-over-year.

• The group adopted IFRS 17 for insurance contracts in 2026, restating comparative 2025 figures.

Financial highlights

• Gross margin for Q1 2026 was 31.7%, up from 30.1% in Q1 2025.

• Operating income increased to NT$6.54 billion, up 9.7% year-over-year.

• Total assets as of March 31, 2026 were NT$525.15 billion, with equity at NT$116.33 billion.

• Cash and cash equivalents rose to NT$33.82 billion from NT$23.19 billion a year earlier.

• Net cash from operating activities was NT$20.17 billion, up from NT$16.97 billion in Q1 2025.

Outlook and guidance

• Management expects continued growth in installment trading and leasing segments.

• The group is focused on capital adequacy and maintaining a strong solvency position, especially in insurance.

• No significant events or disasters occurred after the balance sheet date.