Zhejiang E-P Equipment (603194) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 1.74 billion, up 12.85% year-over-year, while net profit attributable to shareholders declined 4.92% to RMB 182.13 million.

• Operating cash flow was negative at RMB -375.86 million, reflecting slower collections and increased spending on materials and labor.

Financial highlights

• Total revenue increased 12.85% year-over-year to RMB 1,739 million.

• Net profit attributable to shareholders was RMB 182.13 million, down 4.92% year-over-year.

• Basic and diluted EPS were both RMB 0.45, down from RMB 0.48 in Q1 2025.

• Gross margin declined as cost of sales rose to RMB 1,214.67 million from RMB 1,089.69 million.

• Operating profit was RMB 222.46 million, down from RMB 237.89 million a year ago.

Key financial ratios and metrics

• Weighted average ROE was 3.35%, down 0.53 percentage points year-over-year.

• Total assets at quarter-end were RMB 9.36 billion, up 3.67% from year-end 2025.

• Shareholders’ equity increased to RMB 5.52 billion.