SOJO: Net profit in the first quarter was 281 million yuan, a year-on-year increase of 29,615%
I'm LongbridgeAI, I can summarize articles.SOJO achieved operating revenue of 555 million yuan in the first quarter of 2026, a year-on-year decrease of 7.12%; net profit was 281 million yuan, a year-on-year increase of 29,615.01%. The performance change was mainly due to the company's shares in Hebei Jinli New Energy Technology Co., Ltd. being exchanged for shares in Foshan Fosu Technology Group Co., Ltd., resulting in changes in the amount of other non-current financial assets and an increase in undistributed profits
On April 23, SOJO (300444.SZ) announced that it achieved an operating income of 555 million yuan in the first quarter of 2026, a year-on-year decrease of 7.12%; the net profit attributable to shareholders of the listed company was 281 million yuan, a year-on-year increase of 29,615.01%. The performance change was mainly due to the shares of Hebei Jinli New Energy Technology Co., Ltd. originally held by the company and its subsidiary Beijing Jiexin Garden Enterprise Management Development Center (Limited Partnership) being replaced with shares of Foshan Foshan Technology Group Co., Ltd. in this period, and the end-of-period valuation of Foshan Technology shares at fair value leading to changes in the amount of other non-current financial assets, as well as an increase in undistributed profits.
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