Zhejiang JIULI Hi-tech Metals (002318) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥2.02 billion, down 29.79% year-over-year.

• Net profit attributable to shareholders was ¥394.68 million, up 1.43% year-over-year.

• Excluding non-recurring items, net profit dropped 54.84% year-over-year.

• Significant investment income from disposal of an associate contributed to results.

Financial highlights

• Operating cash flow was negative ¥157.35 million, a decrease of 545.77% year-over-year.

• Basic and diluted EPS were both ¥0.41, unchanged year-over-year.

• Gross margin and operating profit margin declined due to lower revenue and higher costs.

• Investment income reached ¥268.29 million, mainly from disposal of an associate.

• Total assets at quarter-end were ¥13.73 billion, down 1.36% from year-end 2025.

Outlook and guidance

• Management implemented an employee stock ownership plan and share repurchase program to boost morale and align interests.

• No explicit forward-looking financial guidance provided.