Shanxi Lu'an Environmental Energy Development (601699) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 6.97 billion, down 19.53% year-over-year; net profit attributable to shareholders was RMB 657 million, down 48.95% year-over-year.

• Basic and diluted EPS both fell to RMB 0.22, a 48.84% decrease from the prior year.

• Operating cash flow was negative RMB 2.42 billion, a further decline from the previous year.

Financial highlights

• Gross margin on coal sales was RMB 1.66 billion, with a comprehensive coal sales price of RMB 542.80/ton.

• Total assets at quarter-end were RMB 79.28 billion, down 1.26% from year-end 2024.

• Shareholders’ equity increased 2.22% to RMB 47.23 billion.

• Net cash outflow from operating activities increased 54.67% year-over-year.

Outlook and guidance

• The company highlighted a significant drop in net profit and revenue, mainly due to lower coal prices and reduced sales volume.