Tongkun Group (601233) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 23.36 billion, up 20.3% year-over-year, with net profit attributable to shareholders at RMB 1.90 billion, a 210.8% increase year-over-year.

• Profit growth driven by improved product profitability and increased investment income from Zhe Petrochemical.

Financial highlights

• Operating income rose to RMB 23.36 billion from RMB 19.42 billion year-over-year.

• Net profit attributable to shareholders surged to RMB 1.90 billion from RMB 610.60 million year-over-year.

• Basic and diluted EPS both increased to RMB 0.80 from RMB 0.26 year-over-year.

• Operating cash flow was negative RMB 3.86 billion, an improvement from negative RMB 5.39 billion in Q1 2025.

• Total assets at quarter-end were RMB 120.89 billion, up 6.5% from year-end 2025.

Outlook and guidance

• Management attributes profit growth to enhanced product profitability and higher investment returns, indicating continued focus on these drivers.