Xizang Zhufeng Resources (600338) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 573.16 million, up 86.67% year-over-year, driven by higher product prices and sales volume.

• Net profit attributable to shareholders was RMB 125.99 million, reversing a net loss of RMB 24.67 million in Q1 2024.

• Operating cash flow turned positive at RMB 103.25 million, compared to a negative RMB 73.09 million last year.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; operating costs rose to RMB 404.91 million from RMB 327.14 million.

• Basic and diluted EPS were RMB 0.1378, compared to -0.0270 in Q1 2024.

• Total assets at quarter-end were RMB 6.24 billion, with equity attributable to shareholders at RMB 3.82 billion.

Outlook and guidance

• Revenue and profit growth attributed to increased production capacity and higher product prices and volumes.