CIG Shanghai (603083) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 893.6 million, up 5.18% year-over-year, driven by increased core business shipments and value.

• Net profit attributable to shareholders rose 21.11% year-over-year to RMB 31.4 million.

• Excluding non-recurring items, net profit surged 96.15% year-over-year.

Financial highlights

• Operating cash flow was negative RMB 142.2 million, a sharp decline from positive RMB 57.0 million in Q1 2024, mainly due to increased payments for goods.

• Basic and diluted EPS were both RMB 0.12, up 20% year-over-year.

• Total assets grew 2.27% from year-end 2024 to RMB 5.31 billion.

• Shareholders’ equity increased 1.53% to RMB 2.35 billion.

Outlook and guidance

• Plans to significantly expand capacity in Malaysia, with mature operations and processes.

• European (Germany-Poland) and US-Mexico plants have commenced production or trial runs to meet local and regulatory demands.

• Global supply chain layout aims to mitigate geopolitical risks and support business growth.