Zhejiang Jingsheng Mechanical & Electrical (300316) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 3.14 billion, down 30.42% year-over-year, with net profit attributable to shareholders at RMB 572.90 million, a 46.44% decrease year-over-year.

• Net profit excluding non-recurring items was RMB 497.47 million, down 54.85% year-over-year.

• Operating cash flow increased 223.97% year-over-year to RMB 395.03 million.

Financial highlights

• Gross margin and segment breakdowns not specified, but government subsidies increased significantly, boosting other income by 307.40% year-over-year.

• Basic and diluted EPS were both RMB 0.44, down 46.34% year-over-year.

• Total assets at quarter-end were RMB 29.37 billion, down 6.92% from year-end 2024.

• Shareholders’ equity increased 3.46% to RMB 17.20 billion.

Key financial ratios and metrics

• Weighted average ROE was 3.39%, down from 6.91% in Q1 2024.

• Operating margin and EBITDA not directly disclosed.