Yunnan Energy's Q1 net profit plunges 83.6%

Yunnan Energy New Material (SZSE:002812) reported a significant decrease in net profit attributable to shareholders for the first quarter of 2025. The company's net profit dropped 83.57% year-over-year to CNY 25,986,601.51, compared to CNY 158,141,200.24 in the same period last year. Revenue, however, showed growth, increasing 17.23% to CNY 2,728,626,155.64 from CNY 2,327,574,815.97. Cash flow from operating activities decreased 72.73%. Basic and diluted earnings per share both decreased 81.25% to CNY 0.03. The company attributed the decline in earnings to increased sales, management and financial costs.