SDIC Power (600886) Q1 2025 earnings summary

Executive summary

• Net profit attributable to shareholders rose 2.10% year-over-year to RMB 2.08 billion in Q1 2025.

• Operating revenue declined 6.99% year-over-year to RMB 13.12 billion.

• Net cash flow from operating activities increased 12.67% year-over-year to RMB 7.28 billion.

Financial highlights

• Basic and diluted EPS were RMB 0.2676, up 0.19% year-over-year.

• Weighted average ROE decreased by 0.23 percentage points to 3.43%.

• Total assets grew 4.53% from year-end 2024 to RMB 309.98 billion.

• Owners' equity attributable to shareholders increased 14.66% from year-end 2024.

Segment performance

• Operating costs decreased year-over-year, with total operating costs at RMB 8.80 billion versus RMB 9.97 billion in Q1 2024.

• Financial expenses fell to RMB 689 million from RMB 946 million year-over-year.