Eastroc Beverage Group (605499) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 4.85 billion, up 39.23% year-over-year, with net profit attributable to shareholders at RMB 980 million, up 47.62%.

• Gross margin improved to 44.47% from 42.77% due to lower raw material costs.

• Sales growth was driven by both core energy drinks and expanding electrolyte beverage sales.

Financial highlights

• Operating income for Q1 2025 was RMB 1.24 billion, up from RMB 834.7 million a year ago.

• Basic and diluted EPS were RMB 1.8846, up 47.62% year-over-year.

• Net cash from operating activities was RMB 631 million, down 26.53% year-over-year due to higher year-end bonuses and taxes.

• Non-recurring profit items contributed RMB 21.2 million to net profit.

Outlook and guidance

• Management expects continued sales growth, with a focus on expanding product categories and regional penetration.