What happened
ST Weihai published its first-quarter 2026 financial report on April 29, showing revenue of 309 million yuan, a 7.89% increase from the same period last year.
The company recorded a net loss attributable to shareholders of 3.7603 million yuan, in contrast to a profit of 3.6552 million yuan a year earlier. After stripping out non-recurring items, the net loss was 4.0469 million yuan.
Why it matters
The transition from profit to loss, despite higher revenue, suggests the company's costs or expenses may be growing faster than its top line.
With the ST label in its name, the earnings reversal could draw extra attention from investors, especially since the core business also showed a loss on a deducted non-recurring basis.
Key facts
ST Weihai released its Q1 2026 report on April 29.
Q1 revenue was 309 million yuan, up 7.89% year-on-year.
Q1 net profit attributable to shareholders was a loss of 3.7603 million yuan.
Q1 deducted non-recurring net profit was a loss of 4.0469 million yuan.
In the same period last year, net profit was 3.6552 million yuan.
What to watch next
Whether the company can reverse the loss in the coming quarters, and how its core profitability, as reflected in deducted non-recurring results, evolves.
Investors will likely look for management's explanation for the divergence between revenue growth and net loss.