BAIC BluePark New Energy Technology (600733) Q1 2025 earnings summary

Executive summary

• Revenue surged 150.75% year-over-year to ¥3.77 billion, driven by higher vehicle sales.

• Net loss attributable to shareholders narrowed to ¥953 million from ¥1.02 billion year-over-year.

• Operating cash flow improved significantly, with net outflow reduced to ¥237 million from ¥991 million year-over-year.

Financial highlights

• Gross margin and operating results improved as revenue growth outpaced cost increases.

• Basic and diluted EPS were both -0.1711, compared to -0.1823 in the prior year.

• Total assets declined 14.17% to ¥35.55 billion from the end of last year.

• Shareholders’ equity decreased 17.36% to ¥4.55 billion.

• Weighted average ROE was -18.94%, down from -17.57% year-over-year.

Outlook and guidance

• Revenue growth attributed to increased vehicle sales, with management expecting continued momentum.