Shanghai Putailai New Energy Technology (603659) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 3.22 billion, up 5.96% year-over-year.

• Net profit attributable to shareholders was RMB 487.68 million, a 9.64% increase year-over-year.

• Cash flow from operating activities improved significantly to RMB 529.94 million from a negative RMB 1.36 billion in Q1 2024.

Financial highlights

• Operating income rose to RMB 3.22 billion, up 5.96% compared to Q1 2024.

• Net profit attributable to shareholders increased 9.64% year-over-year to RMB 487.68 million.

• Basic and diluted EPS both at RMB 0.23, up 9.52% year-over-year.

• Cash flow from operations surged 138.95% year-over-year.

• Total assets at quarter-end were RMB 43.17 billion, up 2.52% from year-end 2024.

Key financial ratios and metrics

• Weighted average ROE for Q1 2025 was 2.62%, up 0.15 percentage points year-over-year.

• Shareholders’ equity increased 2.67% from year-end 2024 to RMB 18.88 billion.