Anhui Conch Cement Company (914) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 19.05 billion, down 10.67% year-over-year, while net profit attributable to equity shareholders rose 20.51% to RMB 1.81 billion.

• Net profit after extraordinary items increased 21.50% year-over-year to RMB 1.66 billion.

• Net cash flow from operating activities surged 214.92% year-over-year to RMB 502.57 million, mainly due to lower procurement costs.

Financial highlights

• Basic and diluted EPS for Q1 2025 were RMB 0.34, up 20.54% year-over-year.

• Weighted average return on net assets increased by 0.15 percentage points to 0.96%.

• Total assets stood at RMB 254.73 billion, with owners' equity at RMB 190.21 billion as of March 31, 2025.

• Extraordinary gains included RMB 214.15 million in government grants and RMB 2.19 million from asset disposals.

Key financial ratios and metrics

• Gross margin improved as operating costs declined more than revenue.

• Net profit margin increased due to higher non-operating income and lower financial expenses.

• Cash and cash equivalents at period end were RMB 15.83 billion, up from RMB 11.47 billion a year earlier.