Huizhou Desay SV Automotive (002920) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥6.50 billion, down 4.37% year-over-year; net profit attributable to shareholders was ¥461 million, down 20.74% year-over-year.

• Operating cash flow increased 83.97% year-over-year to ¥1.12 billion.

• Basic EPS was ¥0.77, a 26.67% decrease year-over-year.

Financial highlights

• Total assets at quarter-end were ¥30.23 billion, up 1.29% from year-end 2025.

• Shareholders’ equity was ¥15.16 billion, down 1.68% from year-end 2025.

• Net profit excluding non-recurring items was ¥475.9 million, down 4.21% year-over-year.

• Non-recurring losses included a ¥52.3 million fair value loss and a ¥14.4 million net non-recurring loss.

Outlook and guidance

• No explicit forward-looking guidance provided, but cash flow and asset structure improvements suggest focus on liquidity and risk management.