Harbin Fuerjia Technology Co., Ltd. Q1 Report for 2026
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
Important Content Reminder:
- The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the quarterly report, and bear individual and joint legal responsibility.
- The person in charge of the company, the head of accounting, and the accounting institution head (accounting supervisor) declare: guarantee the authenticity, accuracy, and completeness of the financial information in the quarterly report.
- Whether the financial accounting report for the first quarter has been audited: □ Yes ☑ No
I. Main Financial Data
(1) Main Accounting Data and Financial Indicators
Whether the company needs to retrospectively adjust or restate previous years' accounting data: □ Yes ☑ No
| Item | Current Period | Same Period Last Year | Change (%) |
|---|---|---|---|
| Operating Revenue (yuan) | 548,292,792.59 | 301,066,807.47 | 82.12% |
| Net Profit Attributable to Shareholders (yuan) | 171,554,557.81 | 91,384,342.59 | 87.73% |
| Net Profit Attributable to Shareholders after Deducting Non-Recurring Gains and Losses (yuan) | 105,339,656.38 | 52,635,445.14 | 100.13% |
| Net Cash Flow from Operating Activities (yuan) | 124,708,561.05 | -66,164,752.80 | 288.48% |
| Basic Earnings per Share (yuan/share) | 0.33 | 0.18 | 83.33% |
| Diluted Earnings per Share (yuan/share) | 0.33 | 0.18 | 83.33% |
| Weighted Average Return on Net Assets | 2.97% | 1.60% | 1.37% |
(2) Non-Recurring Gains and Losses Items and Amounts
| Item | Amount for Current Period (yuan) | Description |
|---|---|---|
| Government Subsidies Included in Current Profit and Loss | 66,050,021.65 | Mainly due to received industrial support funds and reward funds. |
| Fair Value Changes of Financial Assets and Liabilities Held by Non-Financial Enterprises | 21,875,876.88 | Mainly due to investment income from large certificates of deposit and bank products. |
| Other Non-Recurring Gains and Losses | 360,636.71 | - |
| Less: Income Tax Impact | 22,071,633.81 | - |
| Total | 66,214,901.43 | - |
(3) Analysis of Changes in Main Accounting Data and Financial Indicators
(1) Analysis of Major Changes in Balance Sheet Items
| Item | March 31, 2026 | December 31, 2025 | Change (%) | Main Change Reason |
|---|---|---|---|---|
| Prepayments | 98,359,608.49 | 50,524,093.00 | 94.68% | Mainly due to promotional expenses, processing fees, and raw material payments made during the reporting period. |
| Other Receivables | 5,876,956.97 | 3,625,787.26 | 62.09% | Mainly due to increased deposits paid during the reporting period. |
| Other Current Assets | 26,397,171.22 | 15,297,570.08 | 72.56% | Mainly due to deductible input tax and prepaid income tax during the reporting period. |
| Construction in Progress | 1,057,632.82 | 2,195,807.99 | -51.83% | Mainly due to a decrease in ongoing projects during the reporting period. |
| Right-of-Use Assets | 17,389,297.41 | 6,946,293.86 | 150.34% | Mainly due to the leasing of office buildings during the reporting period. |
| Long-term Deferred Expenses | 5,823,721.75 | 4,342,759.26 | 34.10% | Mainly due to new deferred service fees and sales expenses during the reporting period. |
| Accounts Payable | 80,731,485.53 | 58,393,494.82 | 38.25% | Mainly due to promotional fees and raw material payments incurred during the reporting period. |
| Employee Compensation Payable | 7,545,289.63 | 12,027,949.91 | -37.27% | Mainly due to bonuses accrued at the end of last year. |
| Non-current Liabilities Due Within One Year | 8,500,154.85 | 3,588,340.99 | 136.88% | Mainly due to the leasing of office buildings during the reporting period. |
| Lease Liabilities | 8,372,700.67 | 3,362,714.88 | 148.99% | Mainly due to the leasing of office buildings during the reporting period. |