Wuxi Lead Intelligent Equipment (300450) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 3.10 billion, down 6.42% year-over-year; net profit attributable to shareholders was RMB 365 million, down 35.3% year-over-year.

• Operating cash flow turned positive to RMB 864 million from a negative RMB 710 million in Q1 2024.

• Total assets increased 4.75% to RMB 37.90 billion compared to year-end 2024.

• Company submitted an H-share listing application to the Hong Kong Stock Exchange in February 2025.

Financial highlights

• Revenue: RMB 3.10 billion, down 6.42% year-over-year.

• Net profit attributable to shareholders: RMB 365 million, down 35.3% year-over-year.

• Basic EPS: RMB 0.2349, down 34.7% year-over-year.

• Operating cash flow: RMB 864 million, up 221.66% year-over-year.

• Total assets: RMB 37.90 billion, up 4.75% from year-end 2024.

Key financial ratios and metrics

• Gross margin and EBIT not explicitly disclosed; net margin declined due to lower profit.

• Weighted average ROE: 3.10%, down 1.54 percentage points year-over-year.

• Asset-liability ratio increased slightly with higher total assets and liabilities.