--- title: "CIG Q1 Net Profit Surges 276% YoY, Driven by Expansion in Optical Module Business | Financial Report Insights" type: "News" locale: "en" url: "https://longbridge.com/en/news/284173259.md" description: "CIG reported Q1 operating revenue of RMB 1.287 billion, a year-on-year increase of 43.98%; net profit attributable to shareholders of the listed company reached RMB 118 million, up 276.44% year-on-year, indicating a significant enhancement in profitability. The company attributed the performance growth mainly to the continuous expansion in shipment volume of core business products. CIG's H-shares surged in late trading, currently up over 8%, after previously falling more than 5%" datetime: "2026-04-27T08:02:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284173259.md) - [en](https://longbridge.com/en/news/284173259.md) - [zh-HK](https://longbridge.com/zh-HK/news/284173259.md) --- # CIG Q1 Net Profit Surges 276% YoY, Driven by Expansion in Optical Module Business | Financial Report Insights With both volume and price rising in the high-speed optical module business, CIG delivered a report card with significantly improved profitability in the first quarter of 2026, but the rapid business expansion also brought pressure on cash flow. Shanghai Cambridge Industries Group Co., Ltd. (CIG) disclosed its first-quarter report for 2026 on Monday. During the period, it achieved operating revenue of RMB 1.287 billion, a year-on-year increase of 43.98%; **net profit attributable to shareholders of the listed company reached RMB 118 million, a year-on-year increase of 276.44%, with profitability significantly enhanced.** The company attributed the performance growth mainly to the continuous expansion in shipment volume of core business products. Meanwhile, the net cash flow from operating activities during the reporting period was -RMB 219 million, further expanding from -RMB 142 million in the same period last year. The company explained that this was mainly due to increased procurement expenditures resulting from continuous business expansion and strategic increases in reserves of key materials. The company stated that it would strengthen accounts receivable management and cash flow coordination, and is accelerating the expansion of production capacity both domestically and overseas to cope with international trade challenges and ongoing delivery pressures. After the financial report was released, CIG's H-shares surged in late trading, currently up over 8%, after previously falling more than 5%. ## Optical Modules Drive High Revenue Growth, Scaling New Heights During the reporting period, CIG achieved operating revenue of RMB 1.287 billion, an increase of 43.98% from RMB 894 million in the same period last year, **with the expansion of the high-speed optical module business being the core driver**. From the cost perspective, total operating costs amounted to RMB 1.219 billion, a year-on-year increase of 40.93%. Among these, operating costs reached RMB 909 million, a year-on-year increase of 27.51%. The slower growth rate of costs compared to revenue indicates certain economies of scale. R&D expenses were RMB 100 million, a year-on-year increase of 29.47%, continuing the trend of high R&D investment. There was a significant change in financial expenses, which amounted to RMB 125 million in the current period, compared to -RMB 2.27 million (net income) in the same period last year. This substantial year-on-year increase may be related to the company's financing scale and exchange rate fluctuations. ## Significant Release of Net Profit Elasticity, Non-GAAP Net Profit Up Nearly 286% YoY Driven by the substantial growth in revenue, the company's profitability accelerated. Total profit amounted to RMB 97.23 million, a year-on-year increase of 225.21%; net profit attributable to shareholders of the listed company was RMB 118 million, a year-on-year increase of 276.44%. After excluding non-recurring gains and losses, the net profit attributable to shareholders of the listed company (non-GAAP) was RMB 117 million, a year-on-year increase of 285.90%, indicating high quality of earnings, with the main business contributing the majority of the profit. Total non-recurring gains and losses amounted to approximately RMB 1.4 million, mainly derived from government subsidies of RMB 1.44 million, with limited overall impact. Basic earnings per share increased from RMB 0.12 in the same period last year to RMB 0.34, an increase of 183.33%. The weighted average return on equity was 1.58%, an increase of 0.23 percentage points compared to the same period last year. ### Related Stocks - [06166.HK](https://longbridge.com/en/quote/06166.HK.md) - [603083.CN](https://longbridge.com/en/quote/603083.CN.md) ## Related News & Research - [09:49 ETLa categoría de Edificios y mobiliario destaca el diseño sostenible en la 139ª Feria de Cantón](https://longbridge.com/en/news/284229840.md) - [ZAWYA: UAE’s biggest bank FAB sees Q1 profit fall 2% as impairments rise](https://longbridge.com/en/news/283768759.md) - [Yixin Group Clears All Resolutions at AGM, Approves Dividends and Share Mandates](https://longbridge.com/en/news/283844863.md) - [Husqvarna CEO says Gulf tensions could drive costs $32 million higher](https://longbridge.com/en/news/283813507.md) - [Părău 2 solar project in Romania secured with integrated insurance structure](https://longbridge.com/en/news/284031222.md)