CALB Group Co (3931) Q1 2025 earnings summary

Executive summary

• Unaudited first quarter 2025 results prepared under China Accounting Standards, covering the three months ended 31 March 2025.

• Financial statements published in conjunction with the issuance of the first tranche of green technology innovation bonds.

Financial highlights

• Total operating revenue for Q1 2025 was RMB 6.90 billion, up from RMB 4.86 billion in Q1 2024.

• Net profit for Q1 2025 reached RMB 357.1 million, compared to RMB 203.6 million in the same period last year.

• Total comprehensive income for Q1 2025 was RMB 356.2 million, up from RMB 174.5 million year-over-year.

• Total assets at 31 March 2025 were RMB 124.90 billion, up from RMB 122.47 billion at year-end 2024.

Outlook and guidance

• Registration for up to RMB 5 billion in medium-term notes approved, with the first tranche of green bonds issued in May 2025.