China XD Electric Co: Revenue and net profit grew year-over-year, but operating cash flow dropped sharply

Revenue grew 9.23% and net profit surged 30.08% year-over-year in H1 2025, driven by improved margins and robust market demand. Cash flow from operations turned negative due to higher procurement, but the company maintained strong liquidity and announced a 40% payout interim dividend.

Original document: China XD Electric Co., Ltd. Class A [601179] Interim report — Aug. 21 2025

Twelve subsidiaries of China XD Electric won the State Grid Corporation of China's procurement bidding for equipment for a total of 1.32 billion yuan, according to a Wednesday filing on the Shanghai bourse.

The equipment, which will be used for transmission and transformation projects, included transformers, gas-insulated switchgear, circuit breakers, disconnectors, capacitors, current and voltage transformers, lightning arresters, and switch cabinets, the electrical equipment manufacturer said.

Q1 2025 revenue grew 11.27% year-over-year to RMB 5.24 billion, with net profit up 42.10% on strong transformer and switchgear sales. Operating cash flow turned negative due to higher procurement outflows.

Original document: China XD Electric Co., Ltd. Class A [601179] Interim report — Apr. 15 2025

Revenue rose 5.59% and net profit grew 17.50% year-over-year, with strong cash flow and improved margins. The company expanded R&D, digitalization, and international business, while maintaining a 40% dividend payout.

Original document: China XD Electric Co., Ltd. Class A [601179] Annual Financial Statement — Apr. 15 2025

China XD Electric posted first-quarter net profit attributable to shareholders of 294.9 million yuan, up 42% from 207.5 million yuan the previous year.

Earnings per share rose to 0.0575 yuan from 0.0405 yuan, according to a Tuesday filing with the Shanghai bourse.

The electrical equipment manufacturer's revenue climbed 11% year over year to 5.24 billion yuan from 4.71 billion yuan.

Shares of the company slipped 1% in recent trade.

China XD Electric's attributable profit rose 18% to 1.05 billion yuan in 2024 from 897.2 million yuan in 2023, after adjustments, according to an annual report filed Tuesday with the Shanghai bourse.

Earnings per share at the electrical equipment manufacturer increased 18% to 0.2057 yuan from 0.1750 yuan in the previous year.

Operating income grew 5.6% to 22.2 billion yuan from 21 billion yuan a year earlier.

China XD's shares slipped 1% during Tuesday morning trading.