)

Hangzhou First Applied Material (603806) investor relations material
Hangzhou First Applied Material H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for the first half of 2025 was ¥7.96 billion, down 26.06% year-over-year, with net profit attributable to shareholders at ¥495.75 million, a 46.60% decrease year-over-year.
The decline was mainly due to lower sales prices in the photovoltaic (PV) sector, despite stable sales volumes for PV encapsulation film.
The company maintained positive profitability in a challenging PV market, leveraging its leading market position and cost control.
Electronic materials and functional film businesses showed growth, with electronic materials sales volume up 21.62% and revenue up 17.93% year-over-year.
Financial highlights
Operating income: ¥7.96 billion, down 26.06% year-over-year.
Net profit attributable to shareholders: ¥495.75 million, down 46.60% year-over-year.
Operating cash flow: -¥888.73 million, compared to ¥904.71 million in the prior year period.
Basic EPS: ¥0.19, down 47.22% year-over-year.
Gross margin and net margin declined due to price pressure in PV products.
Outlook and guidance
The PV industry is expected to remain under pressure with continued low prices and intense competition, but global demand, especially in emerging markets, is forecast to grow.
The company will focus on expanding overseas PV film capacity and accelerating R&D for new PV and electronic material technologies.
Electronic materials are expected to become a new growth driver, leveraging AI and high-end PCB demand.
Next Hangzhou First Applied Material earnings date

Next Hangzhou First Applied Material earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage