Zhongman Petroleum and Natural Gas Group (603619) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 943.30 million, up 16.9% year-over-year.

• Net profit attributable to shareholders was RMB 229.75 million, a 32.95% increase year-over-year.

• Oil and gas equivalent production rose 28.51% year-over-year to 277,200 tons.

• Major operational advances in drilling efficiency and international project management.

Financial highlights

• Operating income: RMB 943.30 million, up from RMB 806.90 million in Q1 2024.

• Net profit attributable to shareholders: RMB 229.75 million, up from RMB 172.81 million.

• Operating cash flow: RMB 214.53 million, up 45.72% year-over-year.

• Basic and diluted EPS: RMB 0.50, up 16.28% year-over-year.

• Total assets at quarter-end: RMB 12.23 billion, up from RMB 11.96 billion at 2024 year-end.

Outlook and guidance

• Focus remains on internationalization, technological innovation, and cost leadership.

• Continued expansion in oil and gas production and international project execution.