Huaming Power Equipment (002270) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached ¥509.53 million, up 12.92% year-over-year, with net profit attributable to shareholders at ¥171.34 million, a 35% increase year-over-year.

• Basic and diluted EPS were ¥0.1912, up 35.03% year-over-year.

• The company maintained strong growth in power equipment sales, offsetting a decline in power engineering business revenue.

Financial highlights

• Operating cash flow was ¥61.46 million, down 59.94% year-over-year.

• Total assets at quarter-end were ¥4.50 billion, up 1% from year-end 2024.

• Shareholders’ equity increased 5.72% to ¥3.35 billion.

• Non-recurring profit items contributed ¥13.21 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• A 2024 profit distribution plan proposes a cash dividend of ¥2.2 per 10 shares, totaling ¥197.17 million, pending shareholder approval.

• The company announced a share repurchase plan with a maximum price of ¥24.60 per share and a total amount between ¥150 million and ¥200 million.