Shenzhen Inovance Technology (300124) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥10.14 billion, up 12.98% year-over-year, while net profit attributable to shareholders fell 23.39% to ¥1.01 billion.

• Excluding non-recurring items, net profit declined 15.25% year-over-year.

• Industrial automation and digitalization sales grew 13%, new energy vehicle power systems rose 12%, and emerging businesses surged 32%.

Financial highlights

• Operating income: ¥10.14 billion, up 12.98% year-over-year.

• Net profit attributable to shareholders: ¥1.01 billion, down 23.39% year-over-year.

• Basic and diluted EPS: ¥0.37, down 24.49% year-over-year.

• Operating cash flow: ¥94.05 million, down 64.18% year-over-year.

• Gross margin and other profitability metrics not explicitly disclosed.

Segment performance

• Industrial automation and digitalization: ¥5.31 billion sales, up 13% year-over-year.

• New energy vehicle power systems: ¥4.24 billion sales, up 12% year-over-year.

• Emerging businesses (smart robotics & digital energy): ¥489 million sales, up 32% year-over-year.