Zhejiang Dingli Machinery (603338) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 2.46 billion, up 29.48% year-over-year, with net profit attributable to shareholders at RMB 452.9 million, a 5.66% increase year-over-year.

• Basic and diluted EPS both rose to RMB 0.89, up 4.71% from the prior year.

Financial highlights

• Operating income for Q1 2026 was RMB 540.6 million, up from RMB 527.7 million in Q1 2025.

• Gross margin improved as revenue growth outpaced cost increases.

• Net cash flow from operating activities was negative RMB 185.8 million, a significant improvement from negative RMB 471.6 million in Q1 2025.

• Total assets at quarter-end were RMB 17.45 billion, up 0.53% from year-end 2025.

• Shareholders’ equity increased 3.83% to RMB 11.84 billion.

Outlook and guidance

• Management attributes improved cash flow to increased sales collections.