BaTeLab (2149) H1 2025 earnings summary

Executive summary

• H1 revenue reached RMB291.7m, up 0.4% YoY; profit for the period rose 14.9% to RMB77.1m, supported by lower administrative and R&D expenses.

• Focus remained on industrial-grade analog IC patterned wafers; the portfolio exceeded 850 product models, supported by 123 invention patents and more than 600 IP modules.

Financial highlights

• Revenue RMB291.7m vs RMB290.6m YoY; gross profit RMB151.0m vs RMB149.0m; operating profit RMB82.3m vs RMB70.5m.

• Profit for the period RMB77.1m vs RMB67.1m; basic EPS RMB1.274 vs RMB1.119 and diluted EPS RMB1.266 vs RMB1.119.

• Total assets RMB1,815.1m, liabilities RMB625.1m and net assets RMB1,190.0m at 30 June 2025.

Outlook and guidance

• Localization demand in new energy vehicles, data centers and green energy management is expected to deepen; competition and trade-environment changes remain headwinds.

• Priorities include expanding product coverage and competitiveness and strengthening full-chain industrial capabilities to address supply-chain challenges.

• Capital expenditure is expected to increase as the business grows, funded by operating cash, bank borrowings and remaining global-offering proceeds.