NSFOCUS (300369) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥364.45 million, up 0.25% year-over-year.

• Net loss attributable to shareholders was ¥98.18 million, a 3.62% improvement year-over-year.

• Operating cash flow dropped sharply by 85.72% to ¥7.39 million compared to Q1 2025.

• Basic and diluted EPS were both -0.1211, improving 4.95% year-over-year.

Financial highlights

• Gross margin declined as cost of revenue increased to ¥201.90 million from ¥160.92 million year-over-year.

• Operating expenses saw significant reductions: management expenses down 36.08%, R&D expenses down 6.47%.

• Financial expenses increased 229.79% due to lower interest income.

• Non-recurring gains totaled ¥29.68 million, mainly from asset disposals and government subsidies.

• Total assets at quarter-end were ¥4.54 billion, down 4.89% from year-end 2025.

• Shareholders’ equity decreased 1.94% to ¥2.56 billion.

Outlook and guidance

• No explicit forward-looking guidance or projections provided for future quarters.