Shoucheng (697) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was HK$352 million, nearly flat year-over-year, with profit attributable to owners rising 80.5% to HK$213 million, driven by investment gains from equity transactions.

• Basic and diluted EPS increased to HK2.99 cents from HK1.65 cents year-over-year.

Financial highlights

• Asset operation revenue grew 27% year-over-year to HK$258 million, while FIME revenue declined 37% to HK$94 million.

• Gross profit reached HK$122.9 million; operating profit was HK$201.8 million.

• Total assets increased to HK$14.28 billion from HK$13.83 billion at year-end 2024.

• Bank balances and cash rose to HK$3.42 billion, and wealth management products and fixed income assets to HK$2.59 billion.

Outlook and guidance

• Continued focus on intelligent transformation of infrastructure assets and value appreciation through robotics and AI.

• Plans to expand intelligent industrial services and upgrade asset management capabilities.