Zhaojin Mining Industry Company (1818) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 3.04 billion, up from RMB 1.98 billion in Q1 2024, reflecting strong year-over-year growth.

• Net profit attributable to owners was RMB 659.2 million, a significant increase from RMB 221.4 million in the prior year period.

• Basic earnings per share rose to RMB 0.17 from RMB 0.05 year-over-year.

Financial highlights

• Gross margin improved as cost of sales increased at a slower rate than revenue, supporting higher profitability.

• Operating income surged to RMB 1.00 billion from RMB 375.8 million year-over-year.

• Net cash flows from operating activities were RMB 952.6 million for Q1 2025.

• Total assets increased to RMB 56.2 billion as of 31 March 2025, up from RMB 53.4 billion at year-end 2024.

• Total liabilities rose to RMB 30.4 billion, while total equity reached RMB 25.8 billion at quarter-end.

Outlook and guidance

• The company continues to publish unaudited quarterly results as required by bond issuance regulations.

• Shareholders and investors are advised to exercise caution due to unaudited status of the financials.