Sinotrans (598) Q1 2026 earnings summary

Executive summary

• Operating income for Q1 2026 was RMB 21.55 billion, down 9.35% year-over-year from RMB 23.77 billion in Q1 2025.

• Net profit attributable to shareholders rose 5.65% year-over-year to RMB 681 million.

• Net profit excluding non-recurring items increased 7.86% year-over-year to RMB 615 million.

• Basic and diluted EPS both rose to RMB 0.0950, up 6.74% year-over-year.

Financial highlights

• Total assets grew 2.09% to RMB 79.98 billion as of March 31, 2026.

• Net assets attributable to shareholders increased 1.10% to RMB 41.75 billion.

• Net cash flows from operating activities were negative RMB 1.79 billion, a larger outflow than the prior year.

• Weighted average return on equity was 1.64%, up 0.02 percentage points year-over-year.

Outlook and guidance

• Government subsidies totaling RMB 453 million were received, supporting logistics operations.