Shenzhen Zhaowei Machinery & Electronics (003021) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 was RMB 357.48 million, down 2.74% year-over-year.

• Net profit attributable to shareholders was RMB 40.95 million, a decrease of 25.15% compared to Q1 2025.

• The company completed an H share listing on the Hong Kong Stock Exchange in March 2026.

Financial highlights

• Operating revenue declined 2.74% year-over-year to RMB 357.48 million.

• Net profit attributable to shareholders dropped 25.15% to RMB 40.95 million.

• Net profit after deducting extraordinary gains/losses fell 31.89% year-over-year.

• Basic and diluted EPS were RMB 0.17, down 26.09% year-over-year.

• Net cash flows from operating activities surged 446.87% to RMB 38.80 million.

Outlook and guidance

• The company raised significant funds from its H share listing, enhancing liquidity.

• Increased allocation to wealth management products aims to improve capital utilization.