Hisense Visual Technology (600060) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 13.38 billion, up 5.31% year-over-year.

• Net profit attributable to shareholders was RMB 553.58 million, a 18.61% increase year-over-year.

• Operating cash flow surged 252.46% to RMB 1.21 billion, mainly due to changes in sales rhythm.

Financial highlights

• Gross margin improved as net profit and EPS both increased; basic and diluted EPS were RMB 0.424, up from RMB 0.359 and 0.357 respectively.

• Total assets at quarter-end were RMB 44.63 billion, down 4.34% from year-end 2024.

• Shareholders' equity rose 3.31% to RMB 20.23 billion.

• Non-recurring gains totaled RMB 101.58 million, mainly from fair value changes and government subsidies.

Key financial ratios and metrics

• Weighted average ROE was 2.79%, up 0.35 percentage points year-over-year.

• Net profit margin and cash flow metrics showed significant improvement.