Zhejiang Chint Electrics Co (601877) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 14.56 billion, down 8.53% year-over-year; net profit attributable to shareholders was RMB 1.16 billion, up 7.65% year-over-year.

• Excluding fair value changes of Zhongkong Technology, adjusted net profit was RMB 1.139 billion, up 6.22% year-over-year.

Financial highlights

• Operating cash flow was RMB 2.42 billion, compared to an outflow of RMB 1.17 billion in Q1 2024.

• Basic and diluted EPS were both RMB 0.55, up from RMB 0.51 in Q1 2024.

• Total assets at quarter-end were RMB 144.96 billion, up 4.98% from year-end 2024.

• Shareholders’ equity attributable to listed company shareholders rose 2.52% to RMB 43.17 billion.

Key financial ratios and metrics

• Weighted average ROE was 7.84% for the quarter.

• Gross margin improved as cost controls offset revenue decline.