Heilongjiang Agriculture Company (600598) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 955.67 million, nearly flat year-over-year (-0.05%).

• Net profit attributable to shareholders was RMB 538.64 million, down 2.90% compared to Q1 2024.

• Cash flow from operating activities increased 1.30% year-over-year to RMB 5.17 billion.

Financial highlights

• Operating income for Q1 2025 was RMB 541.85 million, a decrease from RMB 554.72 million in Q1 2024.

• Basic and diluted EPS were both RMB 0.303, down 2.88% year-over-year.

• Gross margin declined as operating costs rose to RMB 448.05 million from RMB 408.38 million.

• Total assets surged 66.75% to RMB 14.97 billion at quarter-end, mainly due to increased prepayments and cash.

• Owner's equity attributable to shareholders rose 7.15% to RMB 8.35 billion.

Key financial ratios and metrics

• Weighted average ROE was 6.67%, down 0.46 percentage points year-over-year.

• Net profit margin slightly decreased as net profit fell faster than revenue.