Suzhou Dongshan Precision Manufacturing Co (002384) Q1 2026 earnings summary

Executive summary

• Operating revenue rose 52.72% year-over-year to RMB 13.14 billion, driven by strong demand in optical modules and AI PCBs, and the consolidation of Source Photonics and GMD Group.

• Net profit attributable to shareholders surged 143.47% year-over-year to RMB 1.11 billion, with adjusted net profit (excluding non-recurring items) up 166.99%.

• Significant business expansion and M&A activity, including the acquisition of Source Photonics, contributed to growth.

Financial highlights

• Basic and diluted EPS increased 125.93% year-over-year to RMB 0.61.

• Net cash flows from operating activities declined 17.48% year-over-year to RMB 1.13 billion.

• Total assets grew 4.64% from year-end to RMB 63.05 billion; owner’s equity rose 5.48%.

• Net cash flows from investing activities were negative RMB 2.53 billion, reflecting heavy capital expenditures and M&A payments.

• Net cash flows from financing activities increased sharply to RMB 2.40 billion, supporting expansion.

Outlook and guidance

• Expansion in optical modules and AI PCB capacity is expected to continue, leveraging strong downstream AI data center demand.

• Integration of acquired businesses is anticipated to further enhance revenue and profit.