Huagong Tech's Q1 2025 net profit jumps over 40%

Huagong Tech (SZSE:000988) reported a strong first quarter for 2025, with revenue increasing by 52.28% to CNY 3.36 billion compared to CNY 2.20 billion in the same period last year. Net profit attributable to shareholders rose by 40.88% to CNY 409.90 million, up from CNY 290.97 million. Basic and diluted earnings per share both stood at CNY 0.41. The company's total assets reached CNY 20.36 billion, a slight decrease of 2.23% from the end of the previous year, while shareholder equity increased by 4.02% to CNY 10.59 billion. Operating cash flow, however, remained negative at CNY -342.47 million. The company attributed the revenue increase to a significant rise in sales orders and the profit increase to effective cost control and management.