Jinyuan EP (000546) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 surged 108.59% year-over-year to ¥3.64 billion, but net profit attributable to shareholders dropped to -¥58.12 million from ¥16.17 million, reflecting a significant loss.

• Operating cash flow improved to -¥7.73 million from -¥189.90 million year-over-year, indicating better cash management despite losses.

Financial highlights

• Revenue: ¥3,635,312,438.84, up 108.59% year-over-year.

• Net profit attributable to shareholders: -¥58,122,898.04, down from ¥16,168,661.25 year-over-year.

• Basic and diluted EPS: -0.0747, compared to 0.0208 last year.

• Total assets: ¥5,912,479,584.63, up 1.09% from year-end 2025.

• Owner's equity: ¥3,839,812,388.47, down 1.46% from year-end 2025.

Outlook and guidance

• Revenue growth driven by increased sales of electrolytic copper and gold-containing materials.

• Cost increases aligned with revenue growth, but profitability impacted by higher costs and reduced government subsidies.