Anhui Gujing Distillery (000596) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 9.15 billion, up 10.38% year-over-year.

• Net profit attributable to shareholders was RMB 2.33 billion, a 12.78% increase compared to Q1 2024.

• Basic and diluted EPS both rose to RMB 4.41, up 12.79% year-over-year.

• Total assets at quarter-end were RMB 42.97 billion, up 6.05% from year-end 2024.

• Operating cash flow declined 24.81% year-over-year to RMB 1.85 billion.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; operating profit reached RMB 3.17 billion.

• Non-recurring gains totaled RMB 18.05 million, mainly from government subsidies and fair value changes.

• Financial expenses decreased 164.27% due to higher interest income.

• Other income rose 81.53% year-over-year, driven by increased government grants.

Outlook and guidance

• No explicit forward-looking guidance provided, but strong year-over-year growth in revenue and profit signals positive momentum.