Avary Holding (002938) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 8.09 billion, up 20.94% year-over-year.

• Net profit attributable to shareholders was RMB 488 million, down 1.83% year-over-year.

• Operating cash flow increased 25.82% year-over-year to RMB 2.50 billion.

Financial highlights

• Gross margin and detailed cost breakdown not disclosed, but operating costs rose in line with revenue.

• Basic and diluted EPS were RMB 0.21, down from RMB 0.22 in Q1 2024.

• Total assets at quarter-end were RMB 44.38 billion, a slight decrease from year-end 2024.

• Shareholders’ equity increased 1.84% from year-end 2024 to RMB 32.70 billion.

• Non-recurring profit items contributed RMB 10.24 million, mainly from government subsidies and asset disposals.

Key financial ratios and metrics

• Weighted average ROE was 1.51%, down 0.15 percentage points year-over-year.

• Net profit margin declined slightly due to higher costs and expenses.

• Cash and cash equivalents at quarter-end were RMB 14.82 billion.