New Hope Liuhe (000876) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 rose 11.77% year-over-year to ¥27.29 billion, but net profit attributable to shareholders dropped to -¥897.71 million from ¥444.69 million, a 301.87% decrease.

• The loss was mainly due to a sharp decline in hog prices, leading to significant losses in the pig segment.

• Operating cash flow decreased 54.66% year-over-year to ¥438.32 million.

Financial highlights

• Revenue: ¥27.29 billion, up 11.77% year-over-year.

• Net profit attributable to shareholders: -¥897.71 million, down 301.87% year-over-year.

• Basic and diluted EPS: -0.20, compared to 0.09 last year.

• Operating cash flow: ¥438.32 million, down 54.66% year-over-year.

• Total assets at quarter-end: ¥116.39 billion, up 1.89% from year-end 2025.

Outlook and guidance

• Profitability is challenged by continued low hog prices, with the company expecting ongoing pressure on the pig segment.