Noblelift Intelligent Equipment (603611) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 1.63 billion, down 6.69% year-over-year from RMB 1.75 billion.

• Net profit attributable to shareholders rose 6.30% year-over-year to RMB 122.71 million.

• Basic and diluted EPS both increased to RMB 0.48, up 6.67% from the prior year.

Financial highlights

• Operating cash flow was negative RMB 250.46 million, a 72.79% decline year-over-year, mainly due to reduced cash receipts from sales.

• Total assets at quarter-end were RMB 8.81 billion, slightly down from RMB 8.83 billion at the end of 2024.

• Shareholders’ equity increased 4.86% to RMB 3.08 billion compared to year-end 2024.

• Gross margin improved as cost of sales declined more than revenue.

Key financial ratios and metrics

• Weighted average return on equity was 4.08%, down from 4.24% a year earlier.

• Net profit margin improved due to higher net profit despite lower revenue.