Zhejiang NHU Company (002001) Q1 2026 earnings summary

Executive summary

• Q1 2026 operating revenue rose 15.72% year-over-year to RMB 6.29 billion, while net profit attributable to shareholders declined 2.80% to RMB 1.83 billion.

• Net profit after deducting non-recurring items fell 5.51% year-over-year, indicating lower core profitability.

• Total assets increased 4.05% from year-end 2025, reaching RMB 47.45 billion.

Financial highlights

• Basic and diluted EPS both decreased to RMB 0.59 from RMB 0.61 year-over-year.

• Weighted average ROE dropped by 0.92 percentage points to 5.37%.

• Net cash flows from operating activities grew 5.49% year-over-year to RMB 1.68 billion.

• Net cash flows from investing activities improved significantly but remained negative at RMB -518.8 million.

• Net cash flows from financing activities surged 185.35% year-over-year, driven by increased bank loans.

Outlook and guidance

• Issued RMB 500 million in 270-day technological innovation bonds to support production, R&D, and working capital.

• Plans to issue up to RMB 3 billion in debt financing instruments to optimize capital structure and fund growth.