Jingsheng Mechanical & Electrical net profit drops 46% in Q1

Zhejiang Jingsheng Mechanical & Electrical (SZSE:300316) announced its first-quarter results for 2025, revealing a CNY 572.89 million net profit attributable to shareholders, a 46.44% decrease compared to the same period last year. Revenue also declined by 30.42% to CNY 3.13 billion. However, cash flow from operating activities surged by 223.97% to CNY 395.03 million. The decrease in net profit is partially attributed to reduced revenue from crucible sales. The company's total assets stood at CNY 29.36 billion, a decrease of 6.92% from the end of the previous year, while shareholders' equity increased by 3.46% to CNY 17.19 billion.