Tianshui Huatian Technology Co. (002185) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥4.80 billion, up 34.49% year-over-year, driven by increased orders and higher production and sales volumes.

• Net profit attributable to shareholders was ¥86.79 million, a significant turnaround from a loss of ¥18.53 million in Q1 2025.

• Excluding non-recurring items, net profit was ¥11.41 million, compared to a loss of ¥82.86 million last year.

Financial highlights

• Operating cash flow was ¥485.32 million, down from ¥660.70 million year-over-year.

• Basic EPS was ¥0.0266, compared to -¥0.0058 in Q1 2025.

• Gross margin improved as net profit rose 304.63% year-over-year to ¥75.30 million.

• Total assets increased to ¥45.15 billion, up 4.71% from year-end 2025.

• Owner’s equity attributable to shareholders rose to ¥17.92 billion.

Segment performance

• Revenue growth was primarily due to increased orders and higher production and sales volumes.

• Operating costs rose 31.05% year-over-year, reflecting higher sales activity.

• R&D expenses reached ¥297.87 million, supporting ongoing innovation.