Chaozhou Three-Circle (300408) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 1.83 billion, up 17.24% year-over-year.

• Net profit attributable to shareholders was RMB 532.65 million, up 23.02% year-over-year.

• Operating cash flow increased 30.80% year-over-year to RMB 242.59 million.

• Basic and diluted EPS were RMB 0.28, compared to RMB 0.23 in Q1 2024.

• Report is unaudited.

Financial highlights

• Total assets at quarter-end were RMB 24.03 billion, up 0.50% from year-end 2024.

• Shareholders’ equity reached RMB 20.41 billion, up 2.76% from year-end 2024.

• Non-recurring profit items contributed RMB 83.84 million, mainly from government subsidies and fair value gains.

• Cash and cash equivalents increased 74.83% due to matured wealth management products.

• Transactional financial assets decreased 37.25% as wealth management products matured.

Key financial ratios and metrics

• Weighted average ROE was 2.64% for Q1 2025, up from 2.50% in Q1 2024.

• Gross margin improved as operating profit rose faster than revenue.

• Net margin increased, reflecting higher profitability.