Zhejiang Longsheng Group (600352) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was ¥6.51 billion, down 6.47% year-over-year; net profit attributable to shareholders rose 2.84% to ¥927.89 million.

• Core businesses remain textile chemicals (dyes, auxiliaries) and intermediates, maintaining global leadership and cost advantages.

• Cash dividend of ¥2.00 per 10 shares proposed, totaling ¥650.67 million, representing 70.12% of H1 net profit.

Financial highlights

• Operating income: ¥6.51 billion (down 6.47% YoY); net profit: ¥927.89 million (up 2.84% YoY).

• Net cash from operating activities: ¥4.16 billion (up 92.48% YoY), mainly due to increased property pre-sales.

• Total assets: ¥75.55 billion (up 4.91% from year-end 2024); net assets: ¥34.47 billion (up 0.55%).

• Basic and diluted EPS: ¥0.2852; ROE: 2.68%.

• Non-recurring profit: ¥345.16 million, mainly from investment gains and government subsidies.

Outlook and guidance

• Management expects continued intense competition in the dye sector and rising environmental compliance costs.

• Focus remains on market share expansion, cost control, and green manufacturing.