Oppein Home Group (603833) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 3.45 billion, down 4.8% year-over-year, while net profit attributable to shareholders rose 41.3% to RMB 308 million.

• Excluding non-recurring items, net profit increased 86.2% year-over-year, reflecting improved operational efficiency and cost control.

• Operating cash flow turned positive at RMB 772 million, a significant improvement from negative RMB 452 million in Q1 2024.

Financial highlights

• Gross margin improved, with operating profit up 41.4% year-over-year to RMB 369 million.

• Basic EPS was RMB 0.51, up 41.7% year-over-year; diluted EPS was RMB 0.50.

• Total assets at quarter-end were RMB 35.31 billion, up 0.24% from year-end 2024.

• Shareholders' equity increased 1.57% to RMB 19.35 billion.

Outlook and guidance

• Management attributes profit growth to cost reduction and supply chain efficiency, with continued focus on margin improvement.