Shuhua Sports: Net profit in the first quarter increased by 212.79% year-on-year.

Shu Hua Sports announced that in the first quarter of 2026, the operating income reached 349 million yuan, a year-on-year increase of 28.80%; the net profit attributable to the shareholders of the listed company was 24.3261 million yuan, a year-on-year increase of 212.79%. The change in performance is mainly due to the impact of the 28.80% year-on-year increase in operating income compared to the same period last year, which resulted in a year-on-year increase in gross profit of 21.4302 million yuan. At the same time, various expenses and impairment losses in this period did not change significantly compared to the same period last year, so the total profit for this period increased by 210.25% year-on-year, or 20.9879 million yuan. Due to the growth in total profit for this period, the net profit attributable to the shareholders of the listed company has also increased. The company's Q1 net profit was 240 million yuan, while the Q4 net profit in 2025 was 540 million yuan. Based on this calculation, the Q1 net profit decreased by 54% compared to the previous quarter.