Gree Electric Appliances (000651) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 41.51 billion, up 14.14% year-over-year.

• Net profit attributable to shareholders was RMB 5.90 billion, a 26.29% increase year-over-year.

• Operating cash flow turned positive at RMB 11.00 billion, compared to negative RMB 2.94 billion in Q1 2024.

• Total assets grew to RMB 394.57 billion, up 7.21% from year-end 2024.

• The report was not audited.

Financial highlights

• Basic and diluted EPS were both RMB 1.07, up 25.88% year-over-year.

• Net profit excluding non-recurring items was RMB 5.72 billion, up 26.34% year-over-year.

• Gross margin and detailed cost breakdowns not explicitly disclosed.

• Cash flow from operations improved due to higher cash received from sales and lower cash paid for purchases.

Key financial ratios and metrics

• Weighted average ROE was 4.21%, up 0.28 percentage points year-over-year.

• Owner's equity attributable to shareholders increased 4.20% to RMB 143.19 billion.