Anhui Kouzi Distillery (603589) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 1.81 billion, up 2.42% year-over-year.

• Net profit attributable to shareholders was RMB 610.49 million, a 3.59% increase year-over-year.

• Basic EPS rose to RMB 1.02 from RMB 0.98 in Q1 2024.

Financial highlights

• Operating income for Q1 2025 was RMB 812.18 million, up from RMB 797.12 million in Q1 2024.

• Gross margin improved as revenue growth outpaced cost increases.

• Net cash flow from operating activities was negative RMB 245.74 million, a further decline from negative RMB 103.96 million in Q1 2024.

• Total assets at quarter-end were RMB 13.78 billion, up 0.90% from year-end 2024.

• Shareholders' equity increased 5.81% to RMB 11.12 billion compared to year-end 2024.

Key financial ratios and metrics

• Weighted average ROE for Q1 2025 was 5.64%, down 0.23 percentage points year-over-year.

• Basic EPS was RMB 1.02, up 4.08% year-over-year.

• Operating margin remained stable as cost controls offset higher expenses.