Xiamen C&D (600153) Q1 2026 earnings summary

Executive summary

• Net profit attributable to shareholders rose 20.06% year-over-year to ¥701 million, with adjusted net profit (excluding perpetual bond interest) at ¥564 million.

• Revenue declined 2.53% year-over-year to ¥140.14 billion, while total assets increased 12.21% from year-end 2025.

• Segment performance varied: supply chain operations grew modestly, real estate revenue dropped sharply, and home furnishing malls saw improved profitability.

Financial highlights

• Operating income: ¥140.14 billion, down 2.53% year-over-year.

• Net profit attributable to shareholders: ¥701 million, up 20.06% year-over-year.

• Adjusted net profit (excluding non-recurring items): ¥622 million, up 537.46% year-over-year.

• Operating cash flow: -¥27.27 billion, reflecting increased procurement payments in supply chain operations.

• Basic EPS: ¥0.19, up from ¥0.16 year-over-year.

Outlook and guidance

• Supply chain operations will continue to focus on international expansion and core commodity leadership.

• Real estate segment faces ongoing market challenges but aims to improve margins through better delivery and settlement.

• Home furnishing malls will pursue cost reduction and efficiency improvements.