Glodon Company (002410) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 1.22 billion, down 5.24% year-over-year; net profit attributable to shareholders rose 390.89% to RMB 29.84 million.

• Adjusted net profit (excluding non-recurring items) was RMB 19.01 million, reversing a loss in the prior year.

• Cash flow from operations improved but remained negative at -RMB 685.69 million.

Financial highlights

• Basic and diluted EPS were RMB 0.0181, up 389.19% year-over-year.

• Gross margin and operating profit improved due to cost controls and lower impairment losses.

• Total assets at quarter-end were RMB 9.54 billion, down 6.75% from year-end 2024.

• Shareholders' equity was RMB 6.00 billion, up 0.68% from year-end.

Outlook and guidance

• Company announced a share repurchase plan (up to 10 million shares, max price RMB 21/share) to support long-term value and employee incentives.

• Continued focus on technology investment, digital construction, and international expansion.