Wuhan Guide Infrared (002414) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 680.76 million, up 45.47% year-over-year, driven by increased civilian product sales.

• Net profit attributable to shareholders was RMB 83.55 million, a surge of 896.56% compared to Q1 2024.

• Adjusted net profit (excluding non-recurring items) was RMB 66.29 million, up 7,054.78% year-over-year.

• Operating cash flow turned positive at RMB 41.29 million, compared to a negative RMB 206.48 million in Q1 2024.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; operating profit reached RMB 112.41 million.

• Basic and diluted EPS were both RMB 0.0196, up 880% year-over-year.

• Total assets at quarter-end were RMB 9.68 billion, up 4.84% from year-end 2024.

• Shareholders’ equity increased 1.45% to RMB 6.42 billion.

Key financial ratios and metrics

• Weighted average ROE was 1.31%, up from 0.12% a year ago.

• Net margin improved significantly due to higher sales and government subsidies.