Foshan Haitian Flavouring and Food Company (603288) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 8.32 billion, up 8.08% year-over-year.

• Net profit attributable to shareholders was RMB 2.20 billion, a 14.77% increase year-over-year.

• Basic and diluted EPS both rose to RMB 0.40, up 14.29% from the same quarter last year.

Financial highlights

• Operating income for Q1 2025 was RMB 2.61 billion, with net profit at RMB 2.21 billion.

• Gross margin improved as revenue growth outpaced cost increases.

• Net cash flow from operating activities was negative RMB 457.53 million, an improvement from negative RMB 554.43 million in Q1 2024.

• Total assets at quarter-end were RMB 40.07 billion, down 1.93% from year-end 2024.

• Shareholders' equity increased 7.13% to RMB 33.10 billion compared to year-end 2024.

Key financial ratios and metrics

• Weighted average ROE for Q1 2025 was 6.88%, up 0.34 percentage points year-over-year.

• Basic and diluted EPS both at RMB 0.40, up from RMB 0.35 in Q1 2024.