Zhejiang Huayou Cobalt (603799) Q1 2025 earnings summary

Executive summary

• Operating income for Q1 2025 reached RMB 17.84 billion, up 19.24% year-over-year, driven by increased product sales and lower costs and fees.

• Net profit attributable to shareholders surged 139.68% year-over-year to RMB 1.25 billion, with adjusted net profit (excluding non-recurring items) up 116.05%.

Financial highlights

• Basic earnings per share rose to RMB 0.74 from RMB 0.33, a 124.24% increase year-over-year.

• Net cash flow from operating activities increased 9.48% to RMB 1.02 billion.

• Total assets grew to RMB 141.46 billion, up 4.12% from the end of last year.

• Owners' equity attributable to shareholders rose to RMB 38.47 billion, a 4.12% increase.

Outlook and guidance

• Growth attributed to higher product sales and effective cost control, with management expecting continued positive momentum.