Guangzhou Haige Communications Group Incorporated Company (002465) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 1.04 billion, down 9.15% year-over-year; net profit attributable to shareholders rose 7.25% to RMB 45.59 million.

• Operating cash flow improved but remained negative at -RMB 392 million, a 24.91% improvement year-over-year.

• Total assets at quarter-end were RMB 20.02 billion, down 2.5% from year-end 2024.

Financial highlights

• Revenue: RMB 1,039.6 million (down 9.15% year-over-year).

• Net profit attributable to shareholders: RMB 45.59 million (up 7.25% year-over-year).

• Net profit excluding non-recurring items: RMB 23.97 million (up 1.93% year-over-year).

• Basic and diluted EPS: RMB 0.02, unchanged year-over-year.

• Operating cash flow: -RMB 392.4 million (improved from -RMB 522.7 million year-over-year).

Outlook and guidance

• Board approved a share repurchase plan (RMB 200–400 million) and a proposal to use up to RMB 2.5 billion idle funds for cash management, both pending shareholder approval.

• Board approved application for up to RMB 5.5 billion in bank credit lines for 2025, pending shareholder approval.