Zhejiang Longsheng Group (600352) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 3.62 billion, up 11.83% year-over-year, with net profit attributable to shareholders rising 35.67% to RMB 537 million.

• Basic and diluted EPS both increased 35.66% to RMB 0.1651 per share compared to the same quarter last year.

• Profit growth was driven by higher product prices, increased sales volume, improved gross margin, and gains from asset disposals.

Financial highlights

• Total assets at quarter-end were RMB 78.11 billion, up from RMB 75.15 billion at the end of 2025.

• Net cash flow from operating activities dropped 83.95% year-over-year to RMB 403 million, mainly due to high pre-sale proceeds in the prior year.

• Net profit excluding non-recurring items was RMB 306 million, up 4.74% year-over-year.

• Non-recurring gains totaled RMB 231 million, mainly from asset disposals and government subsidies.

Outlook and guidance

• Management attributes profit growth to favorable market conditions and expects continued benefit from product price increases and volume growth.