Shenergy Company (600642) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 7.34 billion, down 9.09% year-over-year.

• Net profit attributable to shareholders was RMB 1.01 billion, a 12.82% decrease year-over-year.

• Operating cash flow increased 5.61% to RMB 2.40 billion compared to Q1 2024.

Financial highlights

• Basic EPS was RMB 0.207, down 13.03% year-over-year; diluted EPS was RMB 0.207, down 12.66%.

• Gross margin improved as cost of revenue fell faster than revenue, but overall profit declined.

• Total assets grew 1.71% to RMB 103.40 billion from year-end 2024.

• Shareholders' equity increased 5.96% to RMB 40.02 billion.

• Non-recurring gains totaled RMB 140.23 million, mainly from government grants and fair value changes.

Outlook and guidance

• No explicit forward-looking guidance or projections were provided for the remainder of 2025.