Zejiang Weiming Environment Protection (603568) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached ¥2.01 billion, up 0.09% year-over-year.

• Net profit attributable to shareholders was ¥715.95 million, a 0.50% increase year-over-year.

• Cash flow from operating activities rose 12.78% to ¥560.23 million compared to Q1 2024.

• Environmental business saw 8.57% growth in waste intake and 12.43% growth in power generation year-over-year.

• Equipment manufacturing and new materials segments reported new orders and production milestones.

Financial highlights

• Operating income: ¥2.01 billion, up 0.09% year-over-year.

• Net profit attributable to shareholders: ¥715.95 million, up 0.50% year-over-year.

• Basic and diluted EPS: ¥0.42, unchanged from Q1 2024.

• Total assets at quarter-end: ¥28.74 billion, up 4.58% from year-end 2024.

• Net cash from operating activities: ¥560.23 million, up 12.78% year-over-year.

Outlook and guidance

• Continued expansion in environmental projects, with 55 waste incineration and 19 kitchen waste projects operational.

• Ongoing investment in new materials and equipment manufacturing, including new production lines and R&D initiatives.