Guangzhou Baiyun International Airport Company (600004) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 1.82 billion, up 9.52% year-over-year.

• Net profit attributable to shareholders was RMB 295.86 million, a 57.71% increase year-over-year.

• Basic and diluted EPS both rose to RMB 0.13, up 62.5% from the prior year.

Financial highlights

• Operating cash flow was RMB 914.41 million, down 15.87% year-over-year.

• Total assets at quarter-end were RMB 27.38 billion, up 1.43% from year-end 2024.

• Shareholders’ equity increased 1.60% to RMB 18.64 billion.

• Non-recurring profit items contributed RMB 30.79 million to net profit.

Key financial ratios and metrics

• Weighted average ROE was 1.60%, up 0.54 percentage points year-over-year.

• Gross margin improved as net profit growth outpaced revenue growth.