China Tungsten And Hightech Materials (000657) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached ¥3.39 billion, up 3.52% year-over-year from the adjusted prior-year figure.

• Net profit attributable to shareholders was ¥220.97 million, a 3.24% increase year-over-year.

• Adjusted net profit (excluding non-recurring items) surged 341.62% year-over-year to ¥203.63 million.

• Total assets at quarter-end rose 15.50% from year-end 2024 to ¥20.11 billion.

• Major acquisition of Hunan Shizhuyuan Nonferrous Metals completed in December 2024, now fully consolidated.

Financial highlights

• Operating cash flow was negative at -¥503.98 million, compared to -¥423.81 million a year ago.

• Basic and diluted EPS both increased to ¥0.11, up ¥0.01 per share year-over-year.

• Weighted average ROE was 2.88%, down 0.07 percentage points year-over-year.

• Non-recurring gains totaled ¥17.34 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• Increased contract liabilities reflect stronger demand for mineral products and higher prepayments.

• Expansion in business scale and acquisition integration expected to support future growth.