Angel Yeast (600298) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 3.79 billion, up 8.95% year-over-year.

• Net profit attributable to shareholders was RMB 370.1 million, a 16.02% increase year-over-year.

• Basic and diluted EPS both rose to RMB 0.43, up 16.22% from the prior year.

Financial highlights

• Operating cash flow improved significantly, with net outflow reduced by 61.44% year-over-year.

• Total assets at quarter-end were RMB 22.40 billion, up 3.08% from year-end 2024.

• Shareholders’ equity increased 3.53% to RMB 11.21 billion.

• Non-recurring profit items contributed RMB 33.1 million to net profit.

Outlook and guidance

• Cash flow from operations improved due to higher collections from sales.

• Investment cash flow improved with compensation receipts and asset disposals.