Dynagreen Environmental Protection Group Co., Ltd. released its unaudited first-quarter 2026 results prepared under PRC GAAP.

Revenue reached RMB 895.12 million, up 8.08% year on year, supported by higher operating income from waste-to-energy and related environmental services. Total profit advanced 17.89% to RMB 282.46 million, while net profit attributable to shareholders grew 11.66% to RMB 206.53 million. Basic earnings per share rose to RMB 0.15, and the weighted average return on equity edged up 0.19 percentage point to 2.46%.

Cost controls and a lower interest burden contributed to the earnings improvement. Operating costs increased 10.1% to RMB 463.04 million, broadly tracking revenue growth, whereas financial expenses declined 12.3% to RMB 84.80 million. Extraordinary gains and losses were immaterial at RMB 0.98 million.

Operating cash inflow remained solid at RMB 265.27 million, down 2.51% from a high base in the prior-year period. After outflows of RMB 169.50 million for investment—largely project construction and an acquisition—and RMB 122.17 million for financing activities, cash and cash equivalents stood at RMB 1.52 billion as of 31 March 2026, a decrease of RMB 26.41 million quarter on quarter.

Total assets expanded 2.03% since year-end 2025 to RMB 22.37 billion, driven mainly by growth in receivables and projects under development. Owners’ equity attributable to shareholders rose 2.73% to RMB 8.49 billion. The asset-to-equity ratio was roughly 2.6 times, broadly stable versus 31 December 2025.

Beijing State-owned Assets Management Co., Ltd. remained the largest shareholder with a 31.79% stake, followed by HKSCC Nominees Limited at 26.53%.

Regarding the RMB 2.36 billion “Dynagreen Convertible Bonds” issued in 2022, the conversion price was adjusted to RMB 8.89 per share in December 2025. By 31 March 2026, only RMB 0.14 million of the bonds had been converted, representing 0.0010% of pre-conversion share capital. Interest for the fourth coupon period (1.5% annual rate) was paid on 25 February 2026.

The board has not disclosed any audited figures or additional strategic guidance in this quarterly report.