NSFOCUS (300369) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 363.54 million, up 1.84% year-over-year.

• Net loss attributable to shareholders narrowed to RMB -101.87 million, a 32.14% improvement year-over-year.

• Basic and diluted EPS were both -0.1274, improving 32.16% from Q1 2024.

• Operating cash flow increased 92.16% year-over-year to RMB 51.74 million.

Financial highlights

• Gross margin details not specified, but operating loss reduced to RMB -90.86 million from RMB -145.73 million year-over-year.

• Total assets at quarter-end were RMB 4.38 billion, down 5.10% from year-end 2024.

• Shareholders’ equity decreased 3.18% to RMB 2.47 billion.

• Net cash outflow from investing activities was RMB -59.68 million, mainly due to increased purchase of wealth management products.

• Net cash outflow from financing activities was RMB -120.93 million, reflecting higher debt repayments.

Outlook and guidance

• Management attributes improved profitability to cost reduction, efficiency gains, and increased bad debt recovery.

• Focus remains on accelerating collections and process control to enhance cash flow.