Youngor Fashion (600177) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 2.79 billion, down 15.6% year-over-year; net profit attributable to shareholders was RMB 803 million, down 13.33%.

• Cash flow from operating activities turned positive at RMB 154 million, compared to negative RMB 276 million in Q1 2024, mainly due to lower tax payments.

Financial highlights

• Basic and diluted EPS were RMB 0.17, down 15% year-over-year.

• Total assets increased 2.2% to RMB 72.96 billion from year-end 2024; equity attributable to shareholders rose 0.61% to RMB 41.45 billion.

• Adjusted net profit (excluding non-recurring items) was RMB 802 million, down 12.88% year-over-year.

• Non-recurring gains totaled RMB 3.09 million, mainly from government subsidies and asset disposals.

Segment performance

• Fashion segment revenue grew 8.27% to RMB 1.998 billion; core brand apparel revenue up 13.17%.

• Fashion segment net profit fell 32.7% to RMB 188 million due to higher costs and expenses.

• Real estate segment had no new projects; revenue from completed projects fell 46.01% to RMB 789 million, net profit down 70.92% to RMB 38 million.

• Investment segment net profit rose 11.68% to RMB 577 million.