Beijing Beetech (300667) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 113.90 million, down 27.49% year-over-year.

• Net loss attributable to shareholders widened to RMB -14.69 million from RMB -3.54 million year-over-year.

• Operating cash flow was negative at RMB -55.12 million, a further decline from RMB -23.08 million in Q1 2024.

• No changes in share capital or major equity events during the period.

Financial highlights

• Gross margin and segment breakdowns not specified, but operating costs and expenses increased as a percentage of revenue.

• Basic and diluted EPS both at -0.07, compared to -0.02 in Q1 2024.

• Total assets at quarter-end were RMB 1.43 billion, down 2.93% from year-end 2024.

• Shareholders’ equity decreased 1.22% to RMB 1.12 billion.

• Adjusted net loss (excluding non-recurring items) was RMB -15.92 million.

Key financial ratios and metrics

• Weighted average ROE was -1.30%, compared to -0.28% in Q1 2024.

• Operating cash flow margin deteriorated significantly year-over-year.