Sinotrans (598) Q1 2025 earnings summary

Executive summary

• Operating income for Q1 2025 was RMB 23.77 billion, down 2.19% year-over-year.

• Net profit attributable to shareholders was RMB 645 million, a 19.76% decrease year-over-year, mainly due to lower investment income from associates and joint ventures.

• The company received RMB 297.13 million in government subsidies closely related to daily operations, primarily supporting logistics business.

Financial highlights

• Operating income: RMB 23.77 billion (Q1 2025), down from RMB 24.30 billion (Q1 2024).

• Net profit attributable to shareholders: RMB 645 million, down from RMB 803.8 million.

• Basic and diluted EPS: RMB 0.089, down 19.24% year-over-year.

• Net cash flows from operating activities improved to -RMB 1.35 billion from -RMB 2.71 billion.

• Total assets increased to RMB 79.98 billion, up 3.6% from year-end 2024.

Outlook and guidance

• Profitability impacted by a complex international trade environment affecting clients in import/export sectors.

• The company will monitor policy trends and maintain close customer communication to mitigate risks.