Sungrow Power Supply (300274) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥15.56 billion, down 18.26% year-over-year.

• Net profit attributable to shareholders was ¥2.29 billion, a 40.12% decrease year-over-year.

• Cash flow from operating activities decreased by 32.50% year-over-year to ¥1.21 billion.

Financial highlights

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

• Basic EPS was ¥1.12, down from ¥1.85 in Q1 2025.

• Total assets increased 2.68% from year-end 2025 to ¥121.86 billion.

• Shareholders’ equity rose 4.40% to ¥48.66 billion compared to year-end 2025.

• Non-recurring gains totaled ¥258.90 million, mainly from other income.

Outlook and guidance

• Management did not provide explicit forward-looking guidance in the Q1 report.