Shoucheng (697) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was HK$327 million, down from HK$352 million year-over-year.

• Profit attributable to owners was HK$79 million; excluding a one-off gain last year, this represents an 18% increase year-over-year.

• Earnings per share for the period were HK0.95 cents, compared to HK2.99 cents in Q1 2025.

• Continued strategic focus on robotics industry ecosystem and asset operation capabilities.

Financial highlights

• Gross profit for Q1 2026 was HK$109 million, down from HK$123 million year-over-year.

• Operating profit was HK$123 million, compared to HK$266 million in Q1 2025.

• Total assets as of March 31, 2026, were HK$15.6 billion; net assets attributable to owners were HK$10.5 billion.

• Bank balances and cash stood at HK$3.6 billion.

Outlook and guidance

• Management cautions that quarterly results may not be indicative of full-year performance due to market and currency fluctuations.

• Focus remains on expanding robotics and intelligent infrastructure asset services.