Anjoy Foods Group (603345) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 3.60 billion, down 4.13% year-over-year; net profit attributable to shareholders was RMB 394.52 million, down 10.01% year-over-year.

• Net profit excluding non-recurring items was RMB 343.03 million, down 18.28% year-over-year.

• Operating cash flow was RMB 673.20 million, a 28.92% decrease year-over-year.

Financial highlights

• Total assets at quarter-end were RMB 16.82 billion, down 3.18% from year-end 2024.

• Shareholders' equity attributable to listed company shareholders increased 3.15% to RMB 13.36 billion.

• Basic and diluted EPS were both RMB 1.35, down 10% year-over-year.

• Weighted average ROE was 3.00%, down 0.42 percentage points year-over-year.

• Non-recurring profit and loss contributed RMB 51.49 million, mainly from government subsidies and fair value changes.

Capital allocation and financing

• Q1 2025 saw net cash outflow from investing activities of RMB 114.53 million and net cash outflow from financing activities of RMB 279.47 million.

• Cash and cash equivalents at quarter-end were RMB 2.23 billion.