Lingyi iTech reports 17.11% revenue increase in Q1 2025

Lingyi iTech (SZSE:002600) reported a 17.11% year-over-year increase in revenue, reaching CNY11.49 billion for the first quarter of 2025, compared to CNY9.81 billion in the same period last year. Net profit attributable to shareholders increased by 23.52% to CNY565.18 million. Operating cash flow decreased by 24.24% year-over-year to CNY813.87 million, while basic earnings per share and diluted earnings per share rose by 14.29% each. As of the end of the first quarter, total assets stood at CNY44.61 billion. The company also announced advancements in its acquisition of Jiangsu Kedast CNC, detailed share repurchase activities, and a "Quality and Return Enhancement" initiative.