Shenzhen Hopewind Electric (603063) Q1 2026 earnings summary

Executive summary

• Q1 revenue fell 25.82% YoY to RMB573.8m; net profit attributable to shareholders declined 51.48% to RMB51.1m, primarily as new-energy electric-control revenue decreased.

• Operating cash flow was negative RMB209.0m, versus negative RMB68.1m a year earlier.

Financial highlights

• Total profit was RMB51.5m, down 55.80% YoY; net profit attributable to shareholders was RMB51.1m, down 51.48%.

• Adjusted net profit, excluding non-recurring items, was RMB39.5m, down 59.32% YoY; non-recurring gains totaled RMB11.7m.

• Total operating costs were RMB555.0m, down from RMB680.3m YoY; operating costs were RMB340.5m versus RMB476.4m.

Segment performance

• New-energy electric-control business revenue decreased, cited as the primary reason for lower total profit and net profit attributable to shareholders.