Opple Lighting (603515) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 1.49 billion, nearly flat year-over-year with a 0.09% increase.

• Net profit attributable to shareholders was RMB 131.0 million, down 7.18% year-over-year.

• Operating cash flow improved significantly, turning positive to RMB 46.3 million from a negative RMB 38.4 million in Q1 2025.

Financial highlights

• Total assets at quarter-end were RMB 9.56 billion, down 0.63% from year-end 2025.

• Shareholders’ equity increased 1.89% to RMB 7.14 billion compared to year-end 2025.

• Basic and diluted EPS were both RMB 0.18, down 5.26% year-over-year.

• Gross margin and operating profit margin not explicitly stated, but operating profit was RMB 158.2 million, down from RMB 171.0 million year-over-year.

Key financial ratios and metrics

• Weighted average ROE was 1.85%, down 0.23 percentage points year-over-year.

• Net profit margin (net profit/revenue) for Q1 2026 was approximately 8.8%.

• Operating cash flow margin improved significantly due to reduced cash outflows for goods and services.