Zhejiang Shuanghuan Driveline (002472) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥2.10 billion, up 1.49% year-over-year, with net profit attributable to shareholders at ¥284.09 million, a 2.93% increase year-over-year.

• Cash flow from operating activities surged 170.23% year-over-year to ¥566.49 million, driven by increased sales collections.

• The company is progressing with the planned spin-off and STAR Market listing of its subsidiary, which remains consolidated post-listing.

Financial highlights

• Operating income rose 1.49% year-over-year; net profit attributable to shareholders increased 2.93%.

• Net profit excluding non-recurring items fell 4.04% year-over-year.

• Basic and diluted EPS remained at ¥0.33.

• Total assets at quarter-end were ¥19.08 billion, up 1.71% from year-end 2025.

• Owner's equity attributable to shareholders increased 2.87% from year-end 2025.

Outlook and guidance

• The subsidiary's STAR Market IPO is advancing, aiming to enhance specialization and maximize shareholder value.