Beijing Oriental Yuhong Waterproof Technology (002271) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 5.95 billion, down 16.71% year-over-year, with net profit attributable to shareholders at RMB 192 million, a 44.68% decrease year-over-year.

• Decline in profit mainly due to weaker market demand, intensified industry competition, and lower gross margin.

• Cash flow from operations improved but remained negative at RMB -813 million, up 56.98% from the prior year.

Financial highlights

• Operating income: RMB 5.95 billion, down 16.71% year-over-year.

• Net profit attributable to shareholders: RMB 192 million, down 44.68% year-over-year.

• Basic and diluted EPS: RMB 0.08, down 42.86% year-over-year.

• Total assets at quarter-end: RMB 45.22 billion, up 1.14% from year-end 2024.

• Owner's equity: RMB 22.41 billion, down 10.11% from year-end 2024.

Key financial ratios and metrics

• Weighted average ROE: 0.81%, down 0.42 percentage points year-over-year.

• Gross margin declined, contributing to profit contraction.

• Operating cash flow improved to RMB -813 million from RMB -1.89 billion year-over-year.