YB Yuanbao Inc.
Price Chart
Executive Summary
Yuanbao Inc. reported strong Q1 2026 results with total revenues up 35.6% YoY to RMB1,315.9M and net income up 31.4% to RMB387.6M. The Board approved a $1.26/ADS annual dividend and a $15M share repurchase program. Revenue and earnings both grew strongly, but basic EPS fell sharply due to a 2.5x increase in share count from the IPO, and net income margin contracted slightly.
Actionable Insight
Strong top- and bottom-line growth with a new dividend and buyback program signal management confidence. However, the massive dilution from the IPO (basic shares outstanding increased 2.5x YoY) has crushed per-ADS earnings — watch for continued share count growth and whether the buyback can offset dilution. The dividend record date is July 2, 2026.
Key Facts
- Q1 2026 total revenues of RMB1,315.9M ($190.8M), up 35.6% YoY from RMB970.1M
- Q1 2026 net income of RMB387.6M ($56.2M), up 31.4% YoY from RMB295.1M
- Net income margin 29.5% vs 30.4% in Q1 2025 — slight contraction
- Net operating cash inflow of RMB721.3M ($104.6M) in Q1 2026
- Board approved annual cash dividend of $1.26 per ADS ($0.21 per ordinary share)
- Board authorized $15M share repurchase program over 12 months
- Cash and equivalents, time deposits, restricted cash, short-term investments and long-term bank deposits of RMB4.74B ($687.5M) as of March 31, 2026
- Basic net income per ADS fell to RMB8.60 from RMB17.87 YoY due to share count increase from IPO
- Insurance distribution services revenue up 27.8% YoY to RMB411.3M
- System services revenue up 39.8% YoY to RMB904.6M
Financial Impact
Revenue growth of 35.6% YoY and net income growth of 31.4% YoY; dividend yield of approximately 1.9% at current market cap; $15M buyback represents ~2.2% of market cap
Risk Factors
- Basic EPS collapsed from RMB17.87 to RMB8.60 per ADS due to IPO dilution — ongoing dilution risk if more shares are issued
- Net income margin contracted 90bps YoY despite revenue growth — cost growth (R&D +39.7%, G&A +30%) outpacing revenue growth in some categories
- Income tax expense surged 932% YoY to RMB69.4M, compressing net income growth relative to pre-tax income growth
- China regulatory risk for online insurance distribution and AI-powered advisory services
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-004026 |
| Document: f6k_061026.htm | 0001171843-26-004026 |
| Document: 0001171843-26-004026-index-headers.html | 0001171843-26-004026 |
| Document: 0001171843-26-004026-index.html | 0001171843-26-004026 |
| Document: 0001171843-26-004026.txt | 0001171843-26-004026 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 10, 2026
8d ago
|
6-K
| $16.84 $15.55 | ▼ −7.66% | ▼ −11.09% | $15.11 (−10.27%) |
|
Jun 10, 2026
8d ago
|
Press Release
| $16.84 $15.55 | ▼ −7.66% | ▼ −11.09% | $15.11 (−10.27%) |
|
Jun 3, 2026
15d ago
|
Press Release
| $14.87 $16.84 | ▲ +13.25% | ▲ +17.07% | $15.11 (+1.61%) |
|
Mar 18, 2026
13w ago
|
Press Release
| $19.47 $17.37 | ▼ −10.79% | ▼ −10.07% | $15.11 (−22.39%) |
|
Mar 11, 2026
14w ago
|
Press Release
| $19.75 $19.47 | ▼ −1.42% | ▲ +0.77% | $15.11 (−23.49%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access