Sichuan Road & Bridge Group (600039) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 22.04 billion, down 4.10% year-over-year.

• Net profit attributable to shareholders was RMB 1.50 billion, a decrease of 15.72% year-over-year.

• Total assets at quarter-end were RMB 261.40 billion, down 2.34% from year-end 2025.

Financial highlights

• Operating profit for Q1 2026 was RMB 1.87 billion, down 15.48% year-over-year.

• Basic and diluted EPS were both RMB 0.17, down from RMB 0.20 in Q1 2025.

• Operating cash flow was negative RMB 3.29 billion, compared to negative RMB 3.05 billion in Q1 2025.

• Gross margin declined as operating costs remained high relative to revenue.

Key financial ratios and metrics

• Weighted average ROE was 2.80%, down 0.84 percentage points year-over-year.

• Shareholders’ equity increased to RMB 54.12 billion from RMB 52.82 billion at year-end 2025.