BIDU-SW(09888.HK): 2026 Q1 Report - Profit Attributable to Shareholders stood at CNY 3.45 billion, YoY decrease of 55.36%

NewTimeSpace News: May 18, 2026, BIDU-SW(09888.HK) released its Q1 Report for the period ended December 31, 2026, Total Revenue stood at CNY 32.08 billion, decreased by 1.16% YoY; Net Profit stood at CNY 3.29 billion, YoY decrease of 57.9%; Profit Attributable to Shareholders stood at CNY 3.45 billion, YoY decrease of 55.36%; Basic Earnings Per Share (EPS) stood at CNY 1.17.
In terms of profitability, BIDU-SW Gross Profit changed from CNY 14.97 billion in the same period last year to CNY 12.49 billion in the current period, decreased by CNY 2.48 billion; gross profit margin changed from 46.11% in the same period last year to 38.93% in the current period, decreased by 7.19 percentage points; net profit changed from CNY 7.82 billion in the same period last year to CNY 3.29 billion in the current period, decreased by CNY 4.53 billion; net profit margin changed from 24.09% in the same period last year to 10.26% in the current period, decreased by 13.83 percentage points.
In terms of earnings quality, BIDU-SW Operating Profit changed from CNY 4.51 billion in the same period last year to CNY 3.19 billion in the current period, decreased by CNY 1.32 billion; Operating Profit Margin changed from 13.89% in the same period last year to 9.95% in the current period, decreased by 3.94 percentage points; Net Cash Flow from Operating Activities changed from cash outflow of CNY 6 billion in the same period last year to cash inflow of CNY 2.67 billion in the current period, increased by CNY 8.67 billion; Ratio of Net Cash Flow from Operating Activities to Total Operating Revenue changed from -18.49% in the same period last year to 8.32% in the current period, increased by 26.82 percentage points.
In terms of financial soundness, BIDU-SW Debt-to-Asset Ratio changed from 36.1% in the same period last year to 34.97% in the current period, decreased by 1.13 percentage points; Total Equity changed from CNY 280.007 billion in the same period last year to CNY 278.926 billion in the current period, decreased by CNY 1.08 billion; Cash and Cash Equivalents changed from CNY 49.876 billion in the same period last year to CNY 30.532 billion in the current period, decreased by CNY 19.34 billion; Current Liabilities changed from CNY 76.86 billion in the same period last year to CNY 83.85 billion in the current period, increased by CNY 6.99 billion.
In terms of R&D investment focus, BIDU-SW R&D Expenses changed from CNY 4.54 billion in the same period last year to CNY 4.38 billion in the current period, decreased by CNY 163 million; R&D to Total Revenue Ratio changed from 14% in the same period last year to 13.66% in the current period, decreased by 0.34 percentage points.

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