Himile Mechanical Science and Technology (Shandong) (002595) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 2.28 billion, up 29.06% year-over-year.

• Net profit attributable to shareholders was RMB 519.65 million, a 29.96% increase year-over-year.

• Operating cash flow rose 27.66% to RMB 163.28 million compared to the same quarter last year.

• Basic and diluted EPS both increased 29.16% year-over-year to RMB 0.6515.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; operating costs rose 31.61% while revenue grew 29.06%.

• R&D expenses increased 32.07% year-over-year, reflecting higher investment in innovation.

• Financial expenses turned negative due to increased exchange gains.

• Non-recurring gains totaled RMB 18.41 million, mainly from government subsidies and asset disposals.

• Total assets at quarter-end were RMB 12.17 billion, up 4.25% from year-end 2024.

Key financial ratios and metrics

• Weighted average ROE was 5.12%, up from 4.54% in Q1 2024.

• Net profit margin improved, with net profit growth outpacing revenue.

• Basic and diluted EPS both at RMB 0.6515, up 29.16% year-over-year.