Ningbo Orient Wires & Cables (603606) Q1 2026 earnings summary

Executive summary

• Achieved revenue of RMB 2.88 billion in Q1 2026, up 34.28% year-over-year, driven by strong order deliveries and growth across all product lines.

• Net profit attributable to shareholders reached RMB 371.54 million, a 32.26% increase year-over-year.

• Significant market expansion in power engineering, offshore wind, and marine oil & gas, with major project wins and a robust order backlog of RMB 18.41 billion as of April 21, 2026.

Financial highlights

• Operating income: RMB 2.88 billion, up 34.28% year-over-year.

• Net profit attributable to shareholders: RMB 371.54 million, up 32.26% year-over-year.

• Basic and diluted EPS: RMB 0.54, up from RMB 0.41 year-over-year.

• Operating cash flow: -RMB 972.66 million, a significant outflow compared to -RMB 431.72 million in Q1 2025.

• Total assets: RMB 16.19 billion, up 4.19% from year-end 2025.

• Shareholders’ equity: RMB 8.51 billion, up 2.69% from year-end 2025.

Outlook and guidance

• Continued focus on innovation, management improvement, and green development to support sustainable, high-quality growth.

• Ongoing execution of the “15th Five-Year Plan” and 2026 development strategy.