Goneo Group (603195) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 3.92 billion, up 3.14% year-over-year.

• Net profit attributable to shareholders was RMB 974.92 million, a 4.91% increase year-over-year.

• Basic and diluted EPS both rose to RMB 0.75, up 4.17% from the prior year.

Financial highlights

• Operating cash flow was RMB 1.41 billion, down 7% year-over-year.

• Total assets at quarter-end were RMB 21.89 billion, up 6.82% from year-end 2024.

• Shareholders' equity increased 6.35% to RMB 16.87 billion.

• Gross margin improved as cost increases were contained relative to revenue growth.

Key financial ratios and metrics

• Weighted average ROE for Q1 2025 was 5.95%, down 0.27 percentage points year-over-year.

• Adjusted net profit (excluding non-recurring items) was RMB 855.23 million, up 4.56% year-over-year.

• Non-recurring gains totaled RMB 119.68 million, mainly from government grants and investment returns.