Xinxing Ductile Iron Pipes first quarter profit dips

Xinxing Ductile Iron Pipes (SZSE:000778) announced its first quarter results for 2025, revealing a decrease in net profit attributable to shareholders. The company posted revenue of CNY 8.375 billion, a decrease of 8.21% compared to the same period last year. Net profit attributable to shareholders was CNY 137.02 million, representing a 19.84% drop year-over-year. However, net profit attributable to shareholders after deducting non-recurring gains and losses increased by 99.29% to CNY 120.52 million. The company's total assets stood at CNY 55.34 billion, up 3.93% from the end of the previous year. Basic and diluted earnings per share both decreased to CNY 0.0345 from CNY 0.0428. Operating cash flow turned negative, with a net outflow of CNY 2.78 billion, a 36.78% decrease compared to the CNY 2.03 billion outflow in 2024.