ZTE (000063) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached ¥32.97 billion, up 7.82% year-over-year, while net profit attributable to ordinary shareholders fell 10.50% to ¥2.45 billion.

• Operating cash flow decreased 37.93% year-over-year to ¥1.85 billion.

• Adjusted net profit (excluding non-recurring items) dropped 26.14% year-over-year to ¥1.96 billion.

Financial highlights

• Gross margin and operating profit margin not explicitly stated, but net profit margin declined due to lower non-recurring gains.

• Basic and diluted EPS both at ¥0.51, down 10.53% year-over-year.

• Total assets increased 5.11% from year-end 2024 to ¥217.92 billion.

• Shareholders’ equity attributable to ordinary shareholders slightly decreased by 0.72% to ¥72.28 billion.

• Weighted average ROE was 3.38%, down 0.56 percentage points year-over-year.

Outlook and guidance

• No explicit forward-looking statements or guidance provided in the disclosed sections.