SOUTHGOBI(01878.HK): 2026 Q1 Report - Profit Attributable to Shareholders stood at loss of USD 8.04 million, loss narrowed by 69.33% YoY

NewTimeSpace News: May 14, 2026, SOUTHGOBI(01878.HK) released its Q1 Report for the period ended December 31, 2026, Total Revenue stood at USD 169.37 million, increased by 37.84% YoY; Net Profit stood at loss of USD 8.04 million, loss narrowed by 69.33% YoY; Profit Attributable to Shareholders stood at loss of USD 8.04 million, loss narrowed by 69.33% YoY; Basic Earnings Per Share (EPS) stood at loss of US cents 2.7.
In terms of profitability, SOUTHGOBI Gross Profit changed from loss of USD 10.82 million in the same period last year to USD 9.26 million in the current period, increased by USD 20.08 million; gross profit margin changed from -8.81% in the same period last year to 5.47% in the current period, increased by 14.27 percentage points; net profit changed from loss of USD 26.21 million in the same period last year to loss of USD 8.04 million in the current period, increased by USD 18.17 million; net profit margin changed from -21.33% in the same period last year to -4.74% in the current period, increased by 16.59 percentage points.
In terms of earnings quality, SOUTHGOBI Operating Profit changed from loss of USD 15.67 million in the same period last year to USD 4.59 million in the current period, increased by USD 20.26 million; Operating Profit Margin changed from -12.76% in the same period last year to 2.71% in the current period, increased by 15.47 percentage points; Net Cash Flow from Operating Activities changed from cash inflow of USD 17.18 million in the same period last year to cash inflow of USD 25.96 million in the current period, increased by USD 8.78 million; Ratio of Net Cash Flow from Operating Activities to Total Operating Revenue changed from 13.98% in the same period last year to 15.32% in the current period, increased by 1.35 percentage points.
In terms of financial soundness, SOUTHGOBI Debt-to-Asset Ratio changed from 118.55% in the same period last year to 164.05% in the current period, increased by 45.49 percentage points; Total Equity changed from -USD 80.276 million in the same period last year to -USD 236.721 million in the current period, decreased by USD 156.45 million; Cash and Cash Equivalents changed from USD 5.385 million in the same period last year to USD 11.304 million in the current period, increased by USD 5.92 million; Current Liabilities changed from USD 407.21 million in the same period last year to USD 476.93 million in the current period, increased by USD 69.72 million; Quick Ratio changed from 0.08 in the same period last year to 0.1 in the current period, increased by 0.02 percentage points.
By the close of trading on May 14, 2026, SOUTHGOBI(01878) saw a loss of 1.45% in its share price, closing at HKD 2.04. The full-day turnover stood at HKD 65.09 thousand, with the latest market capitalization at HKD 605.75 million.

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