Guangdong Haid Group (002311) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 25.63 billion, up 10.60% year-over-year.

• Net profit attributable to shareholders was RMB 1.28 billion, a 48.99% increase year-over-year.

• Basic and diluted EPS both rose to RMB 0.77, up 48.08% from the prior year.

• Operating cash flow remained negative at -RMB 2.25 billion, but improved 11.66% year-over-year.

• Gross margin and segment breakdowns were not specified.

Financial highlights

• Total assets at quarter-end were RMB 47.87 billion, down 0.57% from year-end 2024.

• Shareholders’ equity increased 2.68% to RMB 24.55 billion.

• Weighted average ROE for Q1 was 5.29%, up from 4.29% a year ago.

• Net cash from investing activities was RMB 2.27 billion, a significant improvement from -RMB 1.14 billion last year.

• Net cash from financing activities was -RMB 240 million, down from RMB 1.46 billion last year.

Key financial ratios and metrics

• Net profit margin improved due to higher revenue and lower cost growth.

• Adjusted net profit (excluding non-recurring items) was RMB 1.28 billion, up 68.58% year-over-year.

• Non-recurring gains totaled RMB 1.67 million, with minor government subsidies and asset disposals.

• Basic and diluted EPS both at RMB 0.77.

• Operating margin and EBITDA not explicitly disclosed.