Shaanxi Lighte Optoelectronics Material (688150) Q1 2026 earnings summary

Executive summary

• Q1 revenue fell 8.20% YoY to ¥133.0M; net profit attributable to shareholders declined 24.47% to ¥46.0M.

• Operating cash flow rose 30.34% YoY to ¥35.9M, while R&D investment increased 33.59% to ¥18.4M.

Financial highlights

• Revenue was ¥133.01M, down 8.20% YoY; total profit was ¥51.55M, down 26.98%; consolidated net profit was ¥45.65M vs. ¥60.87M.

• Net profit attributable to shareholders was ¥45.98M, down 24.47% YoY; adjusted to exclude non-recurring items, it was ¥44.07M, down 24.11%.

• Operating profit was ¥51.70M vs. ¥70.81M; total operating costs rose to ¥81.83M from ¥74.22M despite lower revenue.

Key financial ratios and metrics

• Basic and diluted EPS were ¥0.11, down 26.67% YoY; weighted average ROE was 2.37%, down 0.98 percentage points.

• R&D expense was ¥18.40M, up 33.59% YoY; R&D as a share of revenue was 13.84%, up 4.33 percentage points.

• Operating cash flow was ¥35.94M vs. ¥27.58M, with higher sales collections cited as the main driver.

• At quarter-end, total assets were ¥2.278B and shareholders’ equity attributable to the parent was ¥1.950B.