Shanghai Electric Group (2727) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 22.25 billion, up 8.06% year-over-year, with net profit attributable to shareholders at RMB 292 million, a 145.69% increase compared to Q1 2024.

• Net profit excluding non-recurring items was RMB 205 million, reversing a loss in the prior year.

• Basic and diluted EPS were RMB 0.0188, up 147.37% year-over-year.

Financial highlights

• Operating profit for Q1 2025 was RMB 927 million, up from RMB 889 million in Q1 2024.

• Gross margin improved as operating revenue and gross profit increased year-over-year.

• Net cash flow from operating activities was negative RMB 3.87 billion, an improvement from negative RMB 6.94 billion in Q1 2024.

• Total assets stood at RMB 300.47 billion, with net assets attributable to shareholders at RMB 53.56 billion.

Outlook and guidance

• Management attributes profit growth to higher operating revenue and gross profit, indicating positive momentum for the business.