Shennan Circuit Company (002916) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥6.60 billion, up 37.90% year-over-year, with net profit attributable to shareholders at ¥850 million, a 73.01% increase year-over-year.

• Basic EPS rose to ¥1.28 from ¥0.96 year-over-year, and total assets grew 12.32% to ¥34.35 billion compared to year-end 2025.

• A second phase of the restricted stock incentive plan was granted to 656 employees, increasing total shares to 681 million.

Financial highlights

• Operating cash flow dropped 59.62% year-over-year to ¥247 million despite strong revenue growth.

• Gross margin improved as net profit margin increased, with net profit excluding non-recurring items at ¥849 million, up 75.04% year-over-year.

• Total equity attributable to shareholders rose 5.49% to ¥18.09 billion from year-end 2025.

Outlook and guidance

• Management attributes revenue and profit growth to increased business orders and expects continued positive momentum.