Zhejiang Century Huatong Group (002602) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 8.14 billion, up 91.12% year-over-year, driven by rapid growth in the gaming segment both domestically and internationally.

• Net profit attributable to shareholders was RMB 1.35 billion, a 107.20% increase compared to the same quarter last year.

• Adjusted net profit (excluding non-recurring items) was RMB 1.35 billion, up 107.95% year-over-year.

• Basic and diluted EPS were both RMB 0.19, up 111.11% year-over-year.

Financial highlights

• Operating cash flow was RMB 1.29 billion, up 48% year-over-year.

• Total assets at quarter-end were RMB 39.32 billion, up 1.03% from year-end 2024.

• Shareholders' equity was RMB 25.99 billion, up 4.78% from year-end 2024.

• Non-recurring profit for the quarter was RMB 3.5 million, mainly from government grants and asset disposals.

Outlook and guidance

• Management is actively pursuing performance compensation related to past asset restructuring and will continue to protect shareholder interests.