Zhejiang Jingsheng Mechanical & Electrical (300316) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥1.73 billion, down 44.88% year-over-year due to decreased sales.

• Net profit attributable to shareholders was ¥102.55 million, a decline of 82.10% year-over-year.

• Operating cash flow was negative at -¥234.91 million, compared to ¥395.03 million in Q1 2025.

Financial highlights

• Gross margin declined as operating costs fell less sharply than revenue.

• Basic and diluted EPS were both ¥0.08, down 81.82% year-over-year.

• Total assets at quarter-end were ¥27.14 billion, down 2.23% from year-end 2025.

• Shareholders’ equity was ¥17.22 billion, up 0.60% from year-end 2025.

• Non-recurring gains totaled ¥20.03 million, mainly from government subsidies.

Outlook and guidance

• Management attributes declines to reduced sales and lower government subsidies.

• No explicit forward-looking guidance provided.