Anfu Technology Q1 Net Profit Reaches 134 Million Yuan, Surging 87.78% Year-over-Year

Anfu Technology Q1 Net Profit Surges Nearly 90%

According to 36Kr, Anfu Technology recently released its first-quarter 2026 earnings report. The report shows that the company achieved a net profit attributable to shareholders of the listed company of 134 million yuan during the reporting period, representing a year-over-year increase of 87.78% and a significant leap in profitability.

Key Financial Highlights

On the revenue side, Anfu Technology posted operating revenue of 1.331 billion yuan in Q1 2026, a year-over-year decline of 3.42%, reflecting a slight contraction in top-line performance. However, the company's net profit was impressive — the 134 million yuan in net profit attributable to shareholders of the parent company grew 87.78% compared with the same period last year, exhibiting a characteristic pattern of "rising profits without rising revenue."

Regarding the reasons for the performance change, Anfu Technology noted in its announcement that two key factors were at play: first, the company's operating performance maintained a steady growth trajectory; and second, the company's increased equity stake in Nanfu Battery generated substantial incremental investment returns.

Increased Nanfu Battery Equity Stake as Key Growth Driver

From the perspective of performance attribution, the increase in the equity stake in Nanfu Battery was the core catalyst behind the significant profit growth this quarter. As a leading brand in China's alkaline battery segment, Nanfu Battery commands a stable market share and sustained profitability. By increasing its shareholding in Nanfu Battery, Anfu Technology was able to recognize a greater share of profits at the consolidated financial statement level, thereby driving the nearly 90% year-over-year increase in net profit attributable to shareholders.

Notably, despite the slight decline in revenue, the rapid growth in net profit reflects positive progress in cost control and asset utilization efficiency. This parallel strategy of "cost reduction and efficiency enhancement" combined with "asset optimization" is creating a healthier profit structure for the company.

Outlook and Market Focus

Amid intensifying competition in the consumer electronics market, Anfu Technology has demonstrated strong counter-cyclical resilience through its core asset, Nanfu Battery. Going forward, the market will continue to watch several key areas: whether the company can further improve the efficiency of its equity integration with Nanfu Battery, whether revenue can stabilize and recover, and whether the company will pursue strategic positioning in emerging sectors such as new energy batteries.

With the rapid proliferation of smart hardware and IoT devices, market demand for batteries as fundamental energy supply products still has room for growth. How Anfu Technology explores new growth curves while consolidating its traditional strengths will be a key focus for investors.