Shanghai Baosight Software (600845) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 2.54 billion, down 25.16% year-over-year.

• Net profit attributable to shareholders was RMB 444.64 million, a 24.60% decrease year-over-year.

• Cash flow from operating activities increased 2.97% year-over-year to RMB 483.86 million.

• Acquisition of Yunnan Baoxin completed in February 2025 for RMB 149 million, now consolidated.

Financial highlights

• Operating income: RMB 2.54 billion, down from RMB 3.39 billion year-over-year.

• Net profit: RMB 444.64 million, down from RMB 589.68 million year-over-year.

• Basic EPS: RMB 0.156, down 25% year-over-year.

• Total assets at quarter-end: RMB 22.46 billion, up 3.80% from year-end 2024.

• Owner's equity attributable to shareholders: RMB 12.04 billion, up 5.59% from year-end 2024.

Key financial ratios and metrics

• Weighted average ROE: 3.80%, down 1.27 percentage points year-over-year.

• Net margin (attributable): 17.5% for Q1 2025.

• Operating cash flow margin: 19.1% for Q1 2025.