Lens Technology reports Q1 2026 net loss of RMB 149.60 million as revenue declines 17%

Lens Technology Co., Ltd. released its unaudited first-quarter 2026 results. Operating income fell 17.13% year on year to RMB 14.14 billion, weighed down by lower sales in the smartphone and computer segments. The company recorded a net loss attributable to shareholders of RMB 149.60 million, compared with a profit of RMB 428.88 million a year earlier. Excluding non-recurring items, the loss widened to RMB 174.37 million.

Basic and diluted earnings per share both stood at –RMB 0.0284, versus RMB 0.0866 and RMB 0.0863, respectively, in the prior-year period. Weighted average return on equity declined to –0.27% from 0.88%.

Cost of sales decreased 18.80% to RMB 12.08 billion, broadly in line with the revenue contraction. Finance costs rose to RMB 252.42 million, driven primarily by higher net foreign-exchange losses. Fair-value changes on forward foreign-exchange contracts resulted in a loss of RMB 59.50 million, while investment income rose to RMB 65.94 million owing to gains on matured forward-exchange settlements.

Cash flow from operating activities amounted to RMB 2.01 billion, down 23.44% year on year. Net cash outflow from investing activities narrowed to RMB 1.95 billion, reflecting reduced purchases of structured deposits. Financing activities generated a net inflow of RMB 80.79 million as bank borrowings increased.

Total assets slipped 1.90% from year-end 2025 to RMB 82.73 billion. Shareholders’ equity attributable to the parent edged down 0.74% to RMB 54.61 billion. Key balance-sheet movements included: • Accounts receivable down 33.12% to RMB 7.21 billion, following lower Q1 revenue versus the preceding quarter. • Construction-in-progress nearly doubled to RMB 1.72 billion, mainly due to investment in the Dongyuan standardised factory project. • Right-of-use assets and corresponding lease liabilities rose 108.63% and 150.69%, respectively, after the addition of new long-term leases.

As at 31 March 2026, Lens Technology (HK) Co., Limited remained the largest shareholder with a 53.13% stake. The company’s first-quarter figures were prepared under PRC Accounting Standards and have not been audited.