Shanxi Xinghuacun Fen Wine Factory (600809) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 16.52 billion, up 7.72% year-over-year.

• Net profit attributable to shareholders was RMB 6.65 billion, a 6.15% increase year-over-year.

• Basic and diluted EPS both rose to RMB 5.45 from RMB 5.13 in Q1 2024.

• Operating cash flow remained stable at RMB 7.03 billion, nearly flat year-over-year.

Financial highlights

• Gross margin improved as operating costs rose slower than revenue, with total operating costs at RMB 7.61 billion (+9.0% YoY).

• Net profit margin remained robust, with net profit at RMB 6.66 billion.

• Total assets increased to RMB 56.10 billion, up 4.87% from year-end 2024.

• Shareholders’ equity rose to RMB 38.39 billion, up 10.47% from year-end 2024.

• Operating cash flow was RMB 7.03 billion, slightly down 0.21% year-over-year.

Outlook and guidance

• No explicit forward guidance provided, but continued growth in revenue and profit signals positive business momentum.