Huizhou Desay SV Automotive (002920) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 6.79 billion, up 20.26% year-over-year.

• Net profit attributable to shareholders was RMB 582 million, a 51.32% increase year-over-year.

• Operating cash flow surged 205.60% to RMB 606.5 million compared to the same quarter last year.

• Company attributes growth to expanded business scale and increased customer payments.

Financial highlights

• Revenue: RMB 6.79 billion (up 20.26% YoY); Net profit: RMB 582 million (up 51.32% YoY).

• EPS: RMB 1.05 (up from RMB 0.70 YoY); Gross margin improved as costs rose slower than revenue.

• Net cash from operating activities: RMB 606.5 million (up 205.60% YoY).

• Total assets at quarter-end: RMB 22.01 billion, up 2.44% from year-end 2024.

• Equity attributable to shareholders: RMB 10.23 billion, up 6.04% from year-end 2024.

Outlook and guidance

• Management expects continued growth driven by business expansion and improved customer collections.