Suzhou Dongshan Precision Manufacturing Co (002384) Q1 2025 earnings summary

Executive summary

• Operating revenue for Q1 2025 reached RMB 8.60 billion, up 11.07% year-over-year, with net profit attributable to shareholders rising 57.55% to RMB 455.86 million.

• Net profit after deducting non-recurring items increased 51.83% year-over-year to RMB 396.75 million.

• New energy business sales revenue was approximately RMB 2.63 billion, up 43.79% year-over-year.

Financial highlights

• Basic and diluted EPS were RMB 0.27, up 58.82% year-over-year.

• Weighted average return on net assets improved to 2.39% from 1.57% a year ago.

• Net cash flow from operating activities was RMB 1.37 billion, down 12.35% year-over-year.

• Total assets at quarter-end were RMB 46.47 billion, up 0.99% from year-end 2024.

• Owner's equity attributable to shareholders increased 2.71% to RMB 19.34 billion.

Outlook and guidance

• Private placement of up to RMB 1.404 billion to actual controllers was approved, with proceeds to replenish working capital.

• The private placement price was adjusted to RMB 11.24/share following the 2023 rights distribution.