SHENZHEN TRANSSION (688036) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 16.2 billion, up 24.58% year-over-year, with net profit attributable to shareholders rising 42.90% to RMB 700 million.

• Gross margin and operating profit improved, driven by higher sales and increased gross profit.

• R&D investment rose 31.32% year-over-year, reflecting a focus on innovation and product competitiveness.

Financial highlights

• Operating income: RMB 16.2 billion, up 24.58% year-over-year.

• Net profit attributable to shareholders: RMB 700 million, up 42.90% year-over-year.

• Basic and diluted EPS: RMB 0.61, up 41.86% year-over-year.

• Total assets at quarter-end: RMB 47.72 billion, up 7.52% from year-end 2025.

• Net cash flow from operating activities: -RMB 4.09 billion, mainly due to increased payments for raw materials.

Outlook and guidance

• Management highlights continued investment in R&D to enhance user experience and product competitiveness.