SUPCON Technology (688777) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 1.61 billion, down 7.55% year-over-year; net profit attributable to shareholders was RMB 120.09 million, down 17.42% year-over-year.

• Net profit excluding non-recurring items fell 34.88% year-over-year, mainly due to increased strategic investment and lower interest income.

Financial highlights

• Operating income: RMB 1.61 billion, down 7.55% compared to Q1 2024.

• Net profit attributable to shareholders: RMB 120.09 million, down 17.42% year-over-year.

• Basic and diluted EPS: RMB 0.15, down 16.67% year-over-year.

• Net cash flow from operating activities: -RMB 523.89 million, improved from -RMB 676.62 million in Q1 2024.

• R&D investment reached RMB 206.47 million, up 0.40% year-over-year, accounting for 12.85% of revenue.

Key financial ratios and metrics

• Weighted average ROE: 1.16%, down 0.31 percentage points year-over-year.

• Total assets at quarter-end: RMB 18.08 billion, down 1.29% from year-end 2024.

• Shareholders' equity: RMB 10.43 billion, up 1.16% from year-end 2024.