Zhejiang E-P Equipment (603194) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 1.54 billion, up 10.57% year-over-year from Q1 2024.

• Net profit attributable to shareholders was RMB 191.56 million, a 9.55% increase year-over-year.

• Basic and diluted EPS were both RMB 0.48, down from RMB 0.51 in the prior year period.

Financial highlights

• Operating cash flow was negative at RMB -10.50 million, compared to RMB -152.52 million in Q1 2024.

• Total assets at quarter-end were RMB 7.88 billion, up 1.40% from year-end 2024.

• Shareholders’ equity increased 3.87% to RMB 5.03 billion.

• Gross margin improved, with gross profit rising alongside revenue.

• Non-recurring gains totaled RMB 3.34 million, mainly from government grants and asset disposals.

Key financial ratios and metrics

• Weighted average ROE was 3.88%, up 0.33 percentage points year-over-year.

• Net margin remained stable, with net profit growth closely tracking revenue growth.