Shennan Circuit Company (002916) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 4.78 billion, up 20.75% year-over-year.

• Net profit attributable to shareholders was RMB 491 million, a 29.47% increase year-over-year.

• Adjusted net profit (excluding non-recurring items) rose 44.64% to RMB 485 million.

• Operating cash flow increased 8.87% to RMB 613 million compared to the same quarter last year.

Financial highlights

• Basic and diluted EPS were both RMB 0.96, up from RMB 0.74 year-over-year.

• Gross margin improved as revenue growth outpaced cost increases.

• Total assets at quarter-end were RMB 26.16 billion, up 3.40% from year-end 2024.

• Shareholders' equity increased 3.36% to RMB 15.11 billion since year-end.

Key financial ratios and metrics

• Weighted average ROE for the quarter was 3.31%, up from 2.84% year-over-year.

• Net profit margin improved due to higher revenue and effective cost control.