Beijing SinoHytec (688339) Q1 2025 earnings summary

Executive summary

• Operating income for Q1 2025 was RMB 10.53 million, down 19.92% year-over-year.

• Net loss attributable to shareholders widened to RMB 93.01 million from RMB 91.20 million in Q1 2024.

• Basic and diluted EPS were both -0.40 RMB, compared to -0.39 RMB in the prior year.

Financial highlights

• Total assets decreased to RMB 4.51 billion from RMB 4.78 billion at year-end 2024.

• Owner's equity attributable to shareholders fell 3.62% to RMB 2.47 billion.

• Net cash outflow from operating activities was RMB 88.28 million, higher than the RMB 79.89 million outflow in Q1 2024.

• R&D investment dropped 47.61% year-over-year to RMB 17.28 million.

Outlook and guidance

• The company is pursuing the acquisition of Dingzhou Risun Hydrogen Energy Co., Ltd. via share issuance and plans to raise supporting funds, subject to regulatory approval.