Zhejiang Wanfeng Auto Wheel (002085) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 3.57 billion, up 0.75% year-over-year; net profit attributable to shareholders was RMB 275.07 million, up 21.29% year-over-year.

• Basic and diluted EPS both at RMB 0.13, up 18.18% year-over-year.

• Net cash from operating activities surged to RMB 204.53 million, a 1,486.87% increase year-over-year.

Financial highlights

• Gross margin improved as operating costs grew slower than revenue; R&D expenses rose 44.2% year-over-year.

• Total assets at quarter-end were RMB 18.51 billion, up 3.89% from year-end 2024.

• Shareholders’ equity increased 5.19% to RMB 7.30 billion.

• Non-recurring gains included RMB 124.79 million from acquisition-related income and RMB 17.38 million in government subsidies.

Outlook and guidance

• Increased R&D investment and asset acquisitions signal continued focus on innovation and expansion.

• Positive cash flow and asset growth support ongoing business development.