Victory Giant Technology (HuiZhou) (300476) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥5.52 billion, up 27.99% year-over-year, with net profit attributable to shareholders at ¥1.29 billion, a 39.95% increase year-over-year.

• Operating cash flow surged 399.38% year-over-year to ¥2.12 billion, driven by higher sales collections and export tax rebates.

• The company completed an H-share listing on the Hong Kong Stock Exchange in April 2026, raising capital through a global offering of up to 110.23 million shares.

Financial highlights

• Revenue: ¥5,519,485,066.85, up 27.99% year-over-year.

• Net profit attributable to shareholders: ¥1,288,427,592.46, up 39.95% year-over-year.

• Operating cash flow: ¥2,116,658,463.16, up 399.38% year-over-year.

• Total assets at quarter-end: ¥38,878,055,535.58, up 10.31% from year-end 2025.

• Basic and diluted EPS: ¥1.48, up from ¥1.07 year-over-year.

Outlook and guidance

• Expansion of production capacity underway, as reflected in a 43.21% increase in construction-in-progress assets.

• Continued focus on overseas capital markets and internationalization, highlighted by the H-share listing.