Zongshen Power forecasts significant profit increase in Q1 2025

Chongqing Zongshen Power Machinery (SZSE:001696) anticipates a substantial increase in first-quarter earnings for 2025. The company projects net profit attributable to listed company shareholders to be between CNY 20.436 million and CNY 24.042 million, representing a 70% to 100% increase compared to the same period last year. Earnings per share are estimated to be between CNY 0.1785 and CNY 0.2100, up from CNY 0.1050 in the prior year. The surge in profitability is attributed to the growth in general machinery and motorcycle engine businesses, along with increased investment income from associated companies. While these figures are preliminary estimates, the company advises investors to exercise caution and rely on the official Q1 report for final data.