Jiangsu Yoke Technology (002409) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 2.12 billion, up 30.88% year-over-year, driven by growth in LNG and electronic materials segments.

• Net profit attributable to shareholders was RMB 260.27 million, a 5.85% increase compared to the same quarter last year.

• Operating cash flow improved significantly, with a net outflow of RMB -32.16 million versus -225.51 million in Q1 2024.

• Total assets grew 7.61% from year-end 2024 to RMB 15.92 billion.

Financial highlights

• Gross margin and net margin improved, with basic and diluted EPS at RMB 0.5469, up from RMB 0.5167 year-over-year.

• Shareholders’ equity increased 3.04% to RMB 7.42 billion.

• Cash and cash equivalents at quarter-end were RMB 2.03 billion, up from RMB 1.84 billion at the start of the period.

• Long-term borrowings rose 129.08% to RMB 2.28 billion, reflecting increased asset construction.

Outlook and guidance

• Company expects continued growth in LNG and electronic materials, supported by increased sales and asset investments.