Executive Summary
CD International Investment Group Limited reported QQ1 2025 results with a revenue of 17.08 billion CNY, up 4.31% year over year but down 69.01% quarter over quarter, underscoring pronounced seasonality typical in property development cycles. Gross profit reached 2.20 billion CNY, producing a gross margin of approximately 12.89%. Operating income was 1.01 billion CNY and EBITDA stood at 1.02 billion CNY, with net income of 457 million CNY and earnings per share of 0.24 CNY (diluted 0.23 CNY). The mix of higher year-ago revenue alongside a steep sequential decline suggests robust project activity in prior periods but a near-term lull as deliveries and progress payments align with a seasonally weaker first quarter.
From a profitability perspective, the company generated positive EBITDA and operating income, but net margins remained modest at roughly 2.7%, reflecting a sizable cost base relative to revenue and the likely front-loaded cost profile of development activity. The quarterly data indicate a resilient business model in a cyclical sector, yet they also highlight substantial visibility gaps in sales momentum beyond Q1 2025 without an accompanying guidance framework. Given the limited balance sheet detail in the provided data, investors should monitor liquidity, working capital dynamics, and project execution risk as key drivers of cadence and downside risk in upcoming quarters.
Key Performance Indicators
QoQ: -70.79% | YoY:12.80%
QoQ: -76.47% | YoY:29.25%
QoQ: -77.08% | YoY:11.83%
QoQ: -68.42% | YoY:14.29%
Key Insights
Revenue: 17,082,331,999 CNY; YoY +4.31%; QoQ -69.01% | Gross Profit: 2,201,137,000 CNY; YoY +12.80%; QoQ -70.79% | Operating Income: 1,013,973,499 CNY; YoY +29.25%; QoQ -76.47% | Net Income: 456,874,000 CNY; YoY +11.83%; QoQ -77.08% | EBITDA: 1,020,718,500 CNY; EBITDA Margin: ~5.98% of revenue | EPS: 0.24 CNY; Diluted EPS: 0.23 CNY; Weighted Avg Shares: 2,022,300,126...
Financial Highlights
Revenue: 17,082,331,999 CNY; YoY +4.31%; QoQ -69.01% | Gross Profit: 2,201,137,000 CNY; YoY +12.80%; QoQ -70.79% | Operating Income: 1,013,973,499 CNY; YoY +29.25%; QoQ -76.47% | Net Income: 456,874,000 CNY; YoY +11.83%; QoQ -77.08% | EBITDA: 1,020,718,500 CNY; EBITDA Margin: ~5.98% of revenue | EPS: 0.24 CNY; Diluted EPS: 0.23 CNY; Weighted Avg Shares: 2,022,300,126
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
17.08B |
4.31% |
-69.01% |
| Gross Profit |
2.20B |
12.80% |
-70.79% |
| Operating Income |
1.01B |
29.25% |
-76.47% |
| Net Income |
456.87M |
11.83% |
-77.08% |
| EPS |
0.24 |
14.29% |
-68.42% |
Management Commentary
Transcript not provided in the dataset. No earnings call quotes or management commentary from the QQ1 2025 results are available in the supplied material. Availability of qualitative management insights is therefore limited to the reported figures and publicly disseminated press materials, not a formal earnings call transcript.
Forward Guidance
No explicit forward guidance is included in the QQ1 2025 data. Given the real estate development exposure and seasonality evident in the quarterly metrics, a cautious revenue trajectory is reasonable for near-term visibility. Investors should monitor: (1) policy and liquidity signals from Chinese authorities affecting land acquisition, project financing, and consumer demand; (2) project execution cadence and handovers in subsequent quarters to assess whether sequential revenue stabilization or growth can be achieved; (3) changes in gross and operating margins as the company optimizes cost structures and negotiates project mix. The achievability of any targets will hinge on the pace of macro normalization in China’s property sector and the company’s ability to convert backlog into recognized revenue with controlled costs.