Beijing SinoHytec Co., Ltd. released its unaudited first-quarter 2026 report, highlighting a sharp revenue rise alongside a markedly narrower net loss.

• Earnings snapshot – Operating income climbed 58.40 % year on year to RMB 16.67 million, driven by higher fuel-cell system deliveries and growth in technology-development services. – Net loss attributable to shareholders narrowed to RMB 51.04 million, versus a RMB 93.01 million deficit in Q1 2025. – Total profit came in at a negative RMB 60.76 million, an improvement from the RMB 114.66 million loss a year earlier. – Basic and diluted EPS improved to –RMB 0.21 from –RMB 0.40.

• Cost & expense trends Operating costs rose modestly to RMB 22.67 million, while period expenses fell noticeably. R&D spending was cut 58.51 % to RMB 7.17 million, lowering its share of revenue to 42.99 % from 164.15 % in the prior-year period. Administrative expenses dropped to RMB 40.84 million from RMB 52.53 million.

• Cash flow & balance-sheet position – Net operating cash outflow narrowed 43.15 % to RMB 50.19 million. – Cash and cash equivalents ended the quarter at RMB 349.74 million, down from RMB 372.98 million at 2025 year-end. – Total assets stood at RMB 3.51 billion, a 4.69 % decline from year-end 2025, while equity attributable to shareholders eased 2.58 % to RMB 1.93 billion. – Weighted average ROE improved to –2.61 %, up 1.08 percentage points year on year.

• Shareholder profile HKSCC Nominees Limited remained the largest holder with an 18.60 % stake, followed by Chairman Zhang Guoqiang at 15.15 %. The company counted 16,381 ordinary shareholders at quarter-end.

• Trading status Trading in SINOHYTEC’s shares on the Hong Kong Stock Exchange has been suspended since 1 April 2026 and will continue until the company publishes its audited results for FY 2025.

The first-quarter accounts have not been audited. No other material events requiring investor attention were disclosed.