Empyrean Technology (301269) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 234.32 million, up 9.77% year-over-year; net profit attributable to shareholders was RMB 9.71 million, a 26.72% increase year-over-year.

• Operating cash flow surged 281.38% to RMB 240.26 million compared to the same quarter last year.

• Basic and diluted EPS both rose to RMB 0.02, doubling from RMB 0.01 in Q1 2024.

Financial highlights

• Gross margin improved as operating costs increased at a slower rate than revenue; operating costs were RMB 20.11 million, up 175.77% year-over-year.

• Net assets attributable to shareholders increased 1.26% from year-end 2024 to RMB 5.07 billion.

• Total assets decreased 2.45% to RMB 5.49 billion compared to year-end 2024.

• Non-recurring gains (mainly government subsidies and VAT rebates) contributed RMB 10.10 million to profit.

Key financial ratios and metrics

• Weighted average ROE was 0.19%, up from 0.16% in Q1 2024.

• Basic and diluted EPS both at RMB 0.02, up 100% year-over-year.

• Operating cash flow margin improved significantly due to higher collections and lower outflows.