Chaozhou Three-Circle (300408) H1 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached ¥4.15 billion, up 21.05% year-over-year; net profit attributable to shareholders was ¥1.24 billion, up 20.63% year-over-year.

• MLCC and optical component sales grew strongly, driven by data center and AI server demand.

• R&D investment increased 12.71% year-over-year, with new product launches in MLCC and SOFC fields.

• The company was recognized with national and industry awards for innovation and quality.

Financial highlights

• Operating income: ¥4.15 billion, up 21.05% year-over-year.

• Net profit attributable to shareholders: ¥1.24 billion, up 20.63% year-over-year.

• Operating cash flow: ¥1.13 billion, up 46.10% year-over-year.

• Basic and diluted EPS: ¥0.65, up 20.37% year-over-year.

• Gross margin for electronic and communication components: 40.00%.

Outlook and guidance

• The company continues to focus on technology innovation, expanding product lines, and optimizing procurement to address margin pressures.

• Ongoing investment in high-capacity MLCC expansion and R&D infrastructure, with some project timelines extended to adapt to market changes.