Anhui Yingjia Distillery Co (603198) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 2.05 billion, down 12.35% year-over-year.

• Net profit attributable to shareholders was RMB 828.5 million, a 9.54% decrease year-over-year.

• Operating cash flow was RMB 495.8 million, down 23.49% from the same period last year.

Financial highlights

• Gross margin improved as cost of sales declined more than revenue, with gross profit at RMB 1.57 billion.

• Basic and diluted EPS were both RMB 1.04, down 8.77% year-over-year.

• Total assets increased 3.33% to RMB 13.84 billion compared to year-end 2024.

• Shareholders' equity rose 8.42% to RMB 10.67 billion from year-end 2024.

• Non-recurring profit items contributed RMB 12.5 million, mainly from government grants and investment gains.

Key financial ratios and metrics

• Weighted average ROE for Q1 2025 was 8.51%, down 1.71 percentage points year-over-year.

• Operating margin remained robust despite revenue decline.