Shanghai Putailai New Energy Technology (603659) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 4.35 billion, up 35.32% year-over-year, driven by strong demand in downstream power and energy storage battery markets.

• Net profit attributable to shareholders was RMB 704 million, a 44.37% increase compared to the same quarter last year.

• Operating cash flow improved significantly, up 78.80% year-over-year to RMB 947.5 million.

Financial highlights

• Total assets at quarter-end were RMB 49.17 billion, up 6.26% from year-end 2025.

• Shareholders’ equity increased 2.73% to RMB 20.99 billion.

• Basic and diluted EPS both rose to RMB 0.33, up 43.48% year-over-year.

• Weighted average ROE improved by 0.77 percentage points to 3.39%.

• Non-recurring profit and loss items contributed RMB 48.8 million to net profit.

Outlook and guidance

• Growth attributed to robust downstream demand and continued R&D and process innovation, with differentiated products meeting customer needs.

• Management expects ongoing improvements in cost control and operational efficiency.