Imeik Technology Development Co (300896) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 663.47 million, down 17.9% year-over-year from RMB 808.09 million.

• Net profit attributable to shareholders was RMB 443.74 million, a 15.87% decrease year-over-year.

• Adjusted net profit (excluding non-recurring items) was RMB 401.53 million, down 24.02% year-over-year.

• Operating cash flow was RMB 332.90 million, a 37.99% decline year-over-year.

• The report was not audited.

Financial highlights

• Basic and diluted EPS were both RMB 1.47, down from RMB 1.75 in Q1 2024.

• Gross margin remained stable; operating costs and expenses were largely in line with the prior year.

• Non-recurring gains totaled RMB 42.21 million, mainly from government subsidies and investment gains.

• Total assets at quarter-end were RMB 8.72 billion, up 4.5% from year-end 2024.

• Shareholders' equity was RMB 8.24 billion, up 5.68% from year-end 2024.

Key financial ratios and metrics

• Weighted average ROE was 5.53%, down 2.44 percentage points year-over-year.

• Net profit margin declined in line with revenue and profit decreases.

• Cash and cash equivalents increased to RMB 3.55 billion, up 134.1% from year-end 2024.