Xiangtan Electric Manufacturing net profit drops 13.19% in Q1 2025

Xiangtan Electric Manufacturing (SSE:600416) reported a decrease in net profit attributable to shareholders for the first quarter of 2025. Net profit fell by 13.19% year-over-year to CNY 52,484,629.12. The company's revenue decreased by 4.08% to CNY 1,209,341,778.24. Cash flow from operating activities stood at negative CNY 368,503,304.32 representing a decrease of 178.58%. Basic and diluted earnings per share both stood at CNY 0.040, down 13.04%. Total assets decreased by 2.88% to CNY 14,846,429,208.92, while shareholder's equity increased slightly by 0.71% to CNY 7,533,068,190.64.