Shanghai Putailai New Energy Technology (603659) H1 2025 earnings summary

Financial highlights

• Total assets at period end reached RMB 44.43 billion, up 5.51% from last year end.

• Net assets attributable to shareholders rose 3.83% year-over-year to RMB 19.09 billion.

• Operating revenue for the half-year was RMB 7.09 billion, an increase of 11.95% compared to the same period last year.

• Net profit attributable to shareholders was RMB 1.31 billion, up 24.03% year-over-year.

• Net cash flow from operating activities was RMB 1.22 billion, compared to negative RMB 360.68 million in the prior year period.

Key financial ratios and metrics

• Weighted average return on equity was 5.58%, up 0.87 percentage points year-over-year.

• Basic and diluted EPS both reached RMB 0.49, up 22.5% year-over-year.

• Asset-liability ratio at period end was 54.30%, compared to 53.59% at last year end.

• EBITDA interest coverage ratio improved to 12.25 from 9.37 year-over-year.

Capital allocation and financing

• Outstanding bonds at period end included a super short-term note (RMB 600 million, 2.30% interest, due Oct 2025) and a technology innovation bond (RMB 200 million, 2.35% interest, due Aug 2028).