---
title: "Shenghong Technology (02476.HK): Net profit after deducting non-recurring gains and losses increased by 36.07%"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40275710.md"
description: "$VGT(02476.HK)  In the first quarter of 2026, operating revenue reached 5.519 billion yuan, a year-on-year increase of 27.99%. Net profit attributable to shareholders of the listed company was 1.288 billion yuan, a significant year-on-year rise of 39.95%; net profit after deducting non-recurring gains and losses also increased by 36.07%. Basic earnings per share rose from 1.07 yuan in the same period last year to 1.48 yuan, an increase of 38.32%. The performance growth was mainly driven by increased sales..."
datetime: "2026-04-29T03:10:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40275710.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40275710.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40275710.md)
author: "[真灼财经](https://longbridge.com/en/profiles/1067948.md)"
---

# Shenghong Technology (02476.HK): Net profit after deducting non-recurring gains and losses increased by 36.07%

$VGT(02476.HK)  In the first quarter of 2026, operating revenue reached 5.519 billion yuan, a year-on-year increase of 27.99%. Net profit attributable to shareholders of the listed company was 1.288 billion yuan, a significant rise of 39.95% year-on-year; net profit after deducting non-recurring gains and losses also grew by 36.07%. Basic earnings per share increased from 1.07 yuan in the same period last year to 1.48 yuan, a rise of 38.32%.

The performance growth was mainly driven by increased sales. The highlight was a surge of 399.38% in net cash flow from operating activities, reaching 2.117 billion yuan, primarily due to increased sales collections and export tax rebates. To expand production capacity, investment in construction in progress increased by 43.21%. However, affected by exchange rate fluctuations, financial expenses soared by 265.70% to 104 million yuan; simultaneously, due to increased provision for inventory write-downs, asset impairment losses expanded significantly.

In summary, while maintaining double-digit growth in both revenue and profit, the group is strengthening its production capacity layout through large-scale asset investment. Looking ahead, although exchange rate volatility and cost pressures pose challenges to short-term profit and loss, with robust sales collection and a continuously expanding production scale, it is expected to further optimize its asset-liability structure and consolidate its business foundation in a highly competitive market environment.

Source: KGI Securities

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