China Jushi Co. (600176) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 4.48 billion, up 32.42% year-over-year, driven by higher product sales volume and prices.

• Net profit attributable to shareholders was RMB 730 million, a 108.52% increase compared to the same quarter last year.

• Gross margin and profitability improved due to increased sales and reduced unit costs.

Financial highlights

• Operating income for Q1 2025 was RMB 941.7 million, up from RMB 448.9 million year-over-year.

• Basic and diluted EPS both rose to RMB 0.1825, up 108.57% year-over-year.

• Net cash flow from operating activities was negative RMB 92.5 million, an improvement from negative RMB 191.4 million in Q1 2024.

• Total assets at quarter-end were RMB 53.83 billion, up 0.85% from year-end 2024.

• Net assets attributable to shareholders increased 2.43% to RMB 30.77 billion.

Outlook and guidance

• Management attributes strong performance to higher product sales and prices, as well as lower unit costs, and expects these trends to continue supporting profitability.