Zhejiang Chint Electrics Co (601877) H1 2025 earnings summary

Executive summary

• Achieved revenue of ¥29.62 billion, up 2.18% year-over-year; net profit attributable to shareholders reached ¥2.55 billion, up 32.9% year-over-year.

• Cash flow from operating activities increased 55.27% year-over-year to ¥7.13 billion.

• Maintained leading positions in low-voltage electrical and distributed photovoltaic markets, with significant growth in both domestic and international business segments.

• No interim dividend or capital reserve transfer plan was proposed for the period.

Financial highlights

• Operating income: ¥29.62 billion, up 2.18% year-over-year.

• Net profit attributable to shareholders: ¥2.55 billion, up 32.9% year-over-year.

• Operating cash flow: ¥7.13 billion, up 55.27% year-over-year.

• Basic and diluted EPS: ¥1.19, up 32.22% year-over-year.

• Gross margin improved due to cost control and product mix optimization.

Outlook and guidance

• Expects continued growth in both low-voltage electrical and photovoltaic segments, leveraging domestic infrastructure and global energy transition trends.

• Plans to deepen digitalization, green energy, and international expansion.

• Anticipates stable demand in industrial, infrastructure, and renewable energy markets.