Executive Summary
Shenghui Cleanness Grp Hldg posted QQ1 2025 revenue of 179.41 million CNY, up 10.14% year over year, on a broad-based employment and maintenance service mix. Gross profit rose to 30.10 million CNY, yielding a gross margin of 16.78%, while operating income reached 17.15 million CNY for an 9.56% operating margin. EBITDA totaled 6.68 million CNY. Net income was 3.97 million CNY, with diluted earnings per share of 0.0022 CNY. The quarter benefited from a stable operating framework, but was offset by a substantial negative other income/expenses item of -11.19 million CNY, driving pretax income to 5.96 million CNY and a net margin of 2.21%. Management delivered earnings growth even as non-operating items weighed on pretax results, underscoring the importance of working capital dynamics in the business model.
Key Performance Indicators
QoQ: -12.32% | YoY:87.90%
QoQ: 399.47% | YoY:199.47%
QoQ: -79.67% | YoY:-21.78%
QoQ: -81.51% | YoY:-29.03%
Key Insights
Revenue: 179,414,500 CNY; YoY +10.14%, QoQ +3.18%. Gross Profit: 30,100,000 CNY; YoY +87.90%, QoQ -12.32%; Gross Margin: 16.78%. Operating Income: 17,146,000 CNY; YoY +199.47%, QoQ +399.47%; Operating Margin: 9.56%. EBITDA: 6,682,000 CNY; EBITDA Margin: 3.72%. Net Income: 3,971,500 CNY; YoY -21.78%, QoQ -79.67%; Net Margin: 2.21%. EPS: 0.0022 CNY; YoY -29.03%, QoQ -81.51%. Key ratios: Current Ratio 2.59, Quick Ratio 2.59, Cash Ratio 0.596. Receivables Turnover 0.513x, Payables Turnover 2.20x, In...
Financial Highlights
Revenue: 179,414,500 CNY; YoY +10.14%, QoQ +3.18%. Gross Profit: 30,100,000 CNY; YoY +87.90%, QoQ -12.32%; Gross Margin: 16.78%. Operating Income: 17,146,000 CNY; YoY +199.47%, QoQ +399.47%; Operating Margin: 9.56%. EBITDA: 6,682,000 CNY; EBITDA Margin: 3.72%. Net Income: 3,971,500 CNY; YoY -21.78%, QoQ -79.67%; Net Margin: 2.21%. EPS: 0.0022 CNY; YoY -29.03%, QoQ -81.51%. Key ratios: Current Ratio 2.59, Quick Ratio 2.59, Cash Ratio 0.596. Receivables Turnover 0.513x, Payables Turnover 2.20x, Inventory Turnover 0x, Fixed Asset Turnover 3.42x, Asset Turnover 0.282x. P/BV 1.249x, P/S 3.04x, P/E 34.32x, EV/EBITDA 73.37x. Cash per Share 0.0592 CNY; Free Cash Flow per Share -0.00102 CNY; Operating Cash Flow per Share -0.000725 CNY. Dividend Payout Ratio: 0%.
Notes: Peer comparison data is not available in the provided dataset (peerRatios: No peers found for stock 2521.HK).
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
179.41M |
10.14% |
3.18% |
| Gross Profit |
30.10M |
87.90% |
-12.32% |
| Operating Income |
17.15M |
199.47% |
399.47% |
| Net Income |
3.97M |
-21.78% |
-79.67% |
| EPS |
0.00 |
-29.03% |
-81.51% |
Key Financial Ratios
operatingProfitMargin
9.56%
operatingCashFlowPerShare
$-0
Management Commentary
No earnings call transcript data was provided for QQ1 2025. Consequently, management quotes and thematic highlights from the QQ1 2025 earnings call are not available in the provided information.
Forward Guidance
No explicit forward guidance or quantitative targets were disclosed in the QQ1 2025 results. Management commentary (where inferred from the quarterly data) suggests the business operates in a steady demand environment for cleaning and maintenance services in China, with ongoing emphasis on cost control and working capital discipline. Investors should monitor: (1) recurring contract wins and contract renewals, (2) working capital cadence and cash conversion improvements, (3) capex plans and efficiency initiatives, and (4) any shifts in regulatory or competitive dynamics in the PRC cleaning services market.