Chengxin Lithium Group (002240) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was ¥686.2 million, down 43.44% year-over-year due to lower lithium salt prices and sales volume.

• Net loss attributable to shareholders was ¥154.7 million, compared to a net loss of ¥143.7 million in Q1 2024.

• Cash flow from operating activities was ¥346.2 million, a 23.54% decrease year-over-year.

Financial highlights

• Operating income fell sharply as lithium salt industry remained weak, impacting both price and volume.

• Basic and diluted EPS were both -0.17, compared to -0.16 in the prior year.

• Total assets increased 5.28% from year-end 2024 to ¥22.9 billion.

• Shareholders’ equity decreased 4.26% to ¥11.51 billion.

Outlook and guidance

• Management attributes declines to ongoing lithium salt market weakness and expects continued pressure if market conditions do not improve.