Anji Microelectronics Technology (Shanghai) (688019) Q2 2025 earnings summary

Executive summary

• Achieved revenue of RMB 1,141.45 million in H1 2025, up 43.17% year-over-year, with net profit attributable to shareholders of RMB 375.63 million, up 60.53% year-over-year.

• Core business in semiconductor materials, with strong growth in chemical mechanical polishing (CMP) slurries and functional wet electronic chemicals.

• Continued expansion in R&D, product lines, and customer base, with new products and applications entering mass production.

Financial highlights

• Operating income: RMB 1,141.45 million, up 43.17% year-over-year.

• Net profit attributable to shareholders: RMB 375.63 million, up 60.53% year-over-year.

• Net profit excluding non-recurring items: RMB 356.74 million, up 51.91% year-over-year.

• Operating cash flow: RMB 245.11 million, up 25.51% year-over-year.

• Basic EPS: RMB 2.24, up 60.00% year-over-year.

• R&D expenses: RMB 188.65 million, up 30.50% year-over-year.

Outlook and guidance

• Management expects continued growth driven by deepening market penetration, new product launches, and expanded customer relationships.

• Ongoing investment in R&D and capacity expansion to support future demand and maintain technological leadership.