Shandong Xinjufeng Technology Packaging (301296) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 357.68 million, down 18.18% year-over-year; net profit attributable to shareholders was RMB 13.13 million, down 75.01% year-over-year.

• Major asset restructuring completed: acquired 97.76% of Hong Kong-listed Fuwei Packaging via subsidiary, significantly increasing total assets and long-term investments.

Financial highlights

• Operating cash flow for Q1 2025 was RMB 4.78 million, a 97.81% decrease year-over-year.

• Basic and diluted EPS were both RMB 0.03, down 76.92% year-over-year.

• Total assets at quarter-end reached RMB 5.89 billion, up 64.54% from year-end 2024.

• Net assets attributable to shareholders stood at RMB 2.63 billion, slightly down 0.44% from year-end.

Outlook and guidance

• Measures are being taken to ensure sufficient public float for Fuwei Packaging post-acquisition, with ongoing information disclosure as required by Hong Kong regulations.