Shenzhen Zhaowei Machinery & Electronics (003021) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached ¥367.53 million, up 17.66% year-over-year, while net profit attributable to shareholders was ¥54.71 million, down 1.19% from the same period last year.

• Net profit excluding non-recurring items increased 6.86% year-over-year, indicating improved core profitability.

• Operating cash flow dropped sharply by 84.03% year-over-year, mainly due to higher payments for procurement and employee compensation.

Financial highlights

• Gross margin remained stable as revenue growth outpaced cost increases.

• Basic and diluted EPS were both ¥0.23, unchanged year-over-year.

• Total assets at quarter-end were ¥4.21 billion, up 2.22% from year-end 2024.

• Shareholders’ equity increased 2.08% to ¥3.29 billion.

• Weighted average ROE was 1.68%, down 0.10 percentage points year-over-year.

Outlook and guidance

• Increased R&D investment by 30.06% year-over-year, signaling a focus on innovation and future growth.