Henan Shenhuo's Q1 profit drops 35% amid revenue growth

Henan Shenhuo Coal & Power (SZSE:000933) reported a 17.13% year-over-year increase in revenue for the first quarter of 2025, reaching CNY9.63 billion. However, net profit attributable to shareholders decreased by 35.05% to CNY708.26 million, down from CNY1.09 billion in the same period last year. The company attributes the profit decline to decreased coal prices and increased raw material costs, particularly for alumina. Basic earnings per share fell to CNY0.321 from CNY0.487. Operating cash flow decreased slightly to CNY1.69 billion. As of the end of the quarter, total assets stood at CNY52.19 billion, and shareholders' equity was CNY22.46 billion. The company is continuing with its plan to spin off Shenhuo New Materials Technology for a separate listing.