Tongkun Group (601233) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 19.42 billion, down 8.01% year-over-year; net profit attributable to shareholders rose 5.36% to RMB 611 million.

• Net profit excluding non-recurring items increased 11.69% year-over-year to RMB 600 million.

• Basic and diluted EPS were RMB 0.26, up 8.33% year-over-year.

Financial highlights

• Total assets at quarter-end reached RMB 110.19 billion, up 5.56% from year-end 2024.

• Shareholders' equity attributable to listed company shareholders rose 1.68% to RMB 37.15 billion.

• Operating cash flow remained negative at -RMB 5.39 billion, slightly lower than Q1 2024.

• Gross margin improved as net profit grew despite lower revenue.

Key financial ratios and metrics

• Weighted average ROE was 1.66%, up 0.04 percentage points year-over-year.

• Basic and diluted EPS both at RMB 0.26, up from RMB 0.24 in Q1 2024.