QINGDA ORIENTAL (08115) Reports Q1 Net Profit of 7.266 Million Yuan, Up 627.3% Year-on-Year

Stock News
May 15

QINGDA ORIENTAL (08115) announced its financial results for the three months ended March 31, 2026. Revenue reached 62.449 million yuan (Renminbi, same below), representing a year-on-year increase of 220.9%. Profit attributable to company owners was 7.266 million yuan, surging 627.3% compared to the same period last year. Basic earnings per share stood at 3.40 fen. The significant growth during the period was primarily attributed to the group's successful acquisition of a fire safety training group, completed on January 5, 2026. Since the completion date, the fire safety training group has become a wholly-owned subsidiary of the company, and its financial performance has been consolidated into the group's accounts. During this period, the fire safety training services segment performed exceptionally well, contributing approximately 37.059 million yuan in revenue. The completion of this acquisition marks a strategic transformation for the group, shifting from a primary focus on equipment manufacturing to a diversified structure integrating fire safety training and related services. Concurrently, the group's original fire equipment business (Qingpu Fire Protection) maintained stable performance, achieving a turnover of approximately 25.39 million yuan during the period. Since strategically transitioning to a subcontracting model by the end of 2025 due to the expiration of some manufacturing licenses, the group has successfully reduced administrative and environmental compliance costs, enhanced production flexibility, and more effectively concentrated resources on product development and quality assurance.

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