Jiangsu Gaoke Petrochemical's Q1 profit soars on asset sale

Jiangsu Gaoke Petrochemical (SZSE:002778) announced its first-quarter 2025 report, revealing a substantial increase in net profit attributable to shareholders, reaching CNY 53,513,497.55, compared to a loss of CNY -2,396,743.84 in the same period last year. This dramatic turnaround is largely attributed to the completion of the sale of Zhong Sheng New Material Technology, boosting investment income. Revenue decreased to CNY 29,717,970.39, reflecting the divestiture of the lubricant oil business. The company's total assets stood at CNY 963,727,946.82 at the end of the quarter. Basic and diluted earnings per share both reached CNY 0.43. Cash flow from operating activities was CNY 47,939,555.90, a significant jump compared to CNY -13,769,085.41 last year.