Kaichuang International's Q1 profit soars 70%

Shanghai Kaichuang Marine International (SSE:600097) announced a strong start to 2025, with net profit attributable to shareholders increasing by 70.33% year-over-year to CNY 12,919,084.68 in its first quarter report. Revenue rose 5.04% to CNY 583,352,435.34. Basic earnings per share increased 66.67% to CNY 0.05. The company attributed the improved performance to increased production in its fishing operations. The net cash flow from operating activities showed a decrease of 70.58%. Total assets decreased 1.67% to CNY 3,292,845,913.72.