Befar Group (601678) Q1 2025 earnings summary

Executive summary

• Q1 revenue reached RMB 3.782 billion, up 94.14% YoY; net profit attributable to shareholders was RMB 96.0 million, up 225.75%.

• New C3/C4 projects began production and sales; stronger product gross profit, lower period expenses and higher investment income supported profit growth.

Financial highlights

• Adjusted for non-recurring items, net profit attributable to shareholders was RMB 66.4 million, up 137.77% YoY; non-recurring gains totaled RMB 29.6 million.

• Operating cash flow was RMB 984.0 million, versus RMB 10.9 million in Q1 2024; higher operating profit and larger VAT credit refunds contributed to the increase.

• Total assets at March 31 were RMB 24.10 billion, up 4.97% from year-end; equity attributable to shareholders was RMB 11.48 billion, up 0.88%.

Key financial ratios and metrics

• Basic and diluted EPS were both RMB 0.05, versus RMB 0.01 in Q1 2024.

• Weighted-average ROE was 0.84%, up 0.58 percentage points YoY.