XCMG Construction Machinery (000425) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥29.79 billion, up 9.26% year-over-year.

• Net profit attributable to shareholders was ¥2.06 billion, a 0.86% increase year-over-year.

• Operating cash flow surged 153.12% to ¥2.15 billion compared to the same quarter last year.

Financial highlights

• Basic and diluted EPS were both ¥0.175, up 1.74% year-over-year.

• Total assets at quarter-end stood at ¥183.57 billion, up 6.68% from year-end 2025.

• Shareholders’ equity reached ¥62.66 billion, a 3.64% increase from year-end 2025.

• Non-recurring profit and loss items contributed ¥32.93 million, mainly from asset disposals and government grants.

Outlook and guidance

• Management highlighted strengthened accounts receivable management and procurement/operations cost control as key drivers for improved cash flow.