深圳市德明利技术股份有限公司2026年第一季度业绩预告深度分析

一、业绩预告核心要点

• 业绩扭亏为盈：公司预计2026年第一季度实现归属于上市公司股东的净利润315,000万元至365,000万元，相比上一年同期亏损6,908.77万元，增长高达4,659.42%至5,383.14%，标志着公司经营状况实现重大转变。
• 营业收入大幅增长：营业收入预计为730,000万元至780,000万元，较上年同期的125,204.55万元增长483.05%至522.98%，显示公司产品市场需求大幅提升。
• 扣除非经常性损益后的净利润：盈利区间为314,000万元至364,000万元，去年同期为亏损7,495.86万元，增长4,288.98%至4,956.01%。
• 基本每股收益：盈利区间为14.01元/股至16.23元/股，去年同期为-0.31元/股，大幅扭转亏损局面。

二、业绩变动原因详解

• 主业持续深耕与产品差异化：公司聚焦存储主业，面向数据中心、消费电子、工业控制等领域推出差异化、定制化存储解决方案，市场拓展显著，产品出货量持续增加，直接推动营收和利润快速增长。
• 行业景气度上行与原材料战略储备：受供应偏紧影响，存储行业景气度持续提升，存储产品价格上涨。公司凭借前期原材料战略储备，把握价格上涨机会，盈利能力显著改善。
• 非经常性损益：2026年第一季度预计非经常性损益约为1,000万元，去年同期为587.09万元，虽金额不大但对利润有一定正向影响。
• 股份支付费用增加：报告期内股份支付费用约5,400万元，去年同期为1,278.36万元，费用增加可能反映公司对人才激励力度加大。

三、价格敏感信息及风险提示

• 业绩大幅扭亏为盈及收入高速增长：本报告显示公司业绩出现极其显著的转折，将极大提升市场信心，对股价形成强力正面驱动。
• 行业周期性风险：存储行业景气度受上游原材料和下游需求波动影响，未来如供需关系变化或原材料价格波动，可能导致公司业绩波动，投资者需关注行业周期变化。
• 财务数据未经审计：本次业绩预告为公司初步测算结果，未经会计师事务所审计，最终数据以正式季度报告为准。
• 股份支付费用增长：股份支付费用大幅提升，若未能带来相应业务增长，可能影响公司盈利能力。

四、投资者建议

• 公司业绩大幅扭亏为盈，营收和净利润创历史新高，存储行业景气度持续提升，市场需求旺盛，短期内股价有望出现积极反应。
• 投资者需关注行业周期性风险及原材料价格波动带来的不确定性。
• 建议投资者密切关注公司后续正式财报及行业发展动态，谨慎决策。

免责声明

本文仅为信息披露与分析，不构成任何投资建议。公司业绩预告数据未经审计，最终数据以公司正式财报为准。投资有风险，敬请投资者谨慎决策。

Shenzhen Demingli Technology Co., Ltd. Q1 2026 Earnings Forecast: In-depth Report

Key Points of the Earnings Forecast

• Profitable Turnaround: The company expects net profit attributable to shareholders of RMB 3.15 billion–3.65 billion in Q1 2026, compared to a loss of RMB 69.09 million in the same period last year, representing growth of 4,659.42%–5,383.14%. This marks a significant turnaround in business performance.
• Substantial Revenue Growth: Revenue is projected at RMB 7.3–7.8 billion, up 483.05%–522.98% from RMB 1.25 billion a year ago, indicating surging market demand for the company’s products.
• Net Profit Excluding Non-Recurring Items: RMB 3.14–3.64 billion profit, compared to a loss of RMB 74.96 million last year, a growth of 4,288.98%–4,956.01%.
• Basic Earnings Per Share: RMB 14.01–16.23 per share, versus a loss of RMB 0.31 per share last year—a dramatic reversal.

Reasons for Performance Change

• Focus on Core Storage Business & Product Differentiation: The company continued its deep focus on the storage sector, launching customized solutions for data centers, consumer electronics, and industrial control, achieving breakthroughs in market expansion and boosting shipment volumes.
• Industry Upcycle & Strategic Raw Material Reserves: Industry conditions improved due to tight supply, driving up storage prices. The company leveraged its strategic reserves to capture rising prices, significantly enhancing profitability.
• Non-Recurring Gains: Q1 2026 non-recurring gains estimated at RMB 10 million, up from RMB 5.87 million last year—a modest but positive contribution.
• Increase in Share-based Payment Expenses: Share-based payment expense reached RMB 54 million, up from RMB 12.78 million last year, indicating enhanced talent incentives but also higher operating costs.

Price-sensitive Information & Risk Factors

• Major Profitable Turnaround & Sales Surge: The report signals a dramatic shift to profitability and record-breaking revenue, likely to boost investor confidence and positively impact share price.
• Industry Cyclicality: The storage sector is sensitive to upstream supply and downstream demand fluctuations. Future changes in supply-demand or raw material prices could affect company performance—investors should monitor sector cycles closely.
• Unaudited Financial Data: The figures are company estimates and unaudited; the final numbers will be disclosed in the official quarterly report.
• Increase in Share-based Payment Expenses: The substantial rise in share-based payments may impact profitability if not matched by revenue growth.

Investor Recommendations

• The company has achieved a remarkable turnaround, with revenue and net profit hitting new highs amid strong sector tailwinds. The share price is likely to react positively in the near term.
• Investors should be aware of cyclical risk and raw material price volatility.
• Monitor upcoming official financial disclosures and industry developments for prudent investment decisions.

Disclaimer

This article is for information and analysis purposes only and does not constitute investment advice. The earnings forecast figures are unaudited; final data will be in the official financial report. Investing involves risks—please make decisions prudently.

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