JIANGSU PHOENIX PUBLISHING & MEDIA (601928) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 2.88 billion, down 10.59% year-over-year from Q1 2025.

• Net profit attributable to shareholders was RMB 423 million, a decrease of 16.53% year-over-year.

• Operating cash flow dropped sharply by 92.73% year-over-year to RMB 22.06 million.

Financial highlights

• Total assets at March 31, 2026, were RMB 30.93 billion, up 1.21% from year-end 2025.

• Shareholders’ equity increased 2.16% to RMB 20.37 billion compared to year-end 2025.

• Basic and diluted EPS for Q1 2026 were RMB 0.1662, down 16.52% year-over-year.

• Weighted average ROE was 2.13%, down 0.43 percentage points year-over-year.

• Non-recurring profit and loss items contributed RMB 27.24 million to net profit.

Outlook and guidance

• Management attributes the decline in revenue and profit to slower sales and delayed cash collection.