Yueyang Xingchang Petrochemical's Q1 profits dip 37%

Yueyang Xingchang Petrochemical (SZSE:000819) announced a 37% year-over-year decrease in net profit attributable to shareholders, falling to CNY 13.61 million for the first quarter of 2025, compared to CNY 21.60 million in the same period last year. Revenue saw a 27.85% increase, reaching CNY 1.06 billion from CNY 831.49 million year over year. Cash flow from operating activities also reflected a negative trend, decreasing by 61.15% to negative CNY 41.35 million. Basic earnings per share decreased to CNY 0.037. The company attributed the profit decline to lower gross profit margins in its chemical businesses and ongoing market development costs for new ventures. Total assets reached CNY 3.35 billion, representing a 9.24% increase.