Kaishan Group Co (300257) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥2.25 billion, up 10.75% year-over-year; net profit attributable to shareholders was ¥190.48 million, up 7.25% year-over-year.

• Compressor business revenue grew 5.69% year-over-year; geothermal power business revenue surged 26.24% year-over-year.

• Gross margin for compressors was 30.55%, while geothermal power achieved 55.44%.

• The company continues to expand globally, with significant investments in R&D and overseas manufacturing bases.

Financial highlights

• Operating cash flow was ¥226.53 million, up 12.04% year-over-year.

• Total assets at period-end were ¥17.82 billion, up 4.32% from year-end 2024.

• Net assets attributable to shareholders stood at ¥6.56 billion, up 0.61% from year-end 2024.

• Basic and diluted EPS were both ¥0.1917, up 7.27% year-over-year.

• Non-recurring profit items totaled ¥3.79 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• The company expects continued growth in both compressor and geothermal segments, driven by innovation and global expansion.

• Strategic focus remains on high-end compressor technology and expanding geothermal power assets internationally.