Zejiang Weiming Environment Protection (603568) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 1.46 billion, down 27.57% year-over-year due to declines in equipment, EPC, and service income.

• Net profit attributable to shareholders was RMB 439 million, a 38.63% decrease year-over-year.

• Domestic environmental projects operated normally, with waste intake up 4.24% and power generation up 6.26% year-over-year.

• Overseas market breakthrough with successful bids for projects in Bali and Bogor, Indonesia.

Financial highlights

• Operating income: RMB 1.46 billion, down 27.57% year-over-year.

• Net profit attributable to shareholders: RMB 439 million, down 38.63% year-over-year.

• Operating cash flow: RMB 591 million, up 5.5% year-over-year.

• Basic EPS: RMB 0.26, down 38.10% year-over-year.

• Total assets at period end: RMB 30.45 billion, up 0.93% from year-end 2025.

Outlook and guidance

• Expansion in overseas markets expected to drive future growth, with new projects in Indonesia.

• Continued focus on domestic waste-to-energy and environmental operations.