Chaozhou Three-Circle (300408) H2 2025 earnings summary

Executive summary

• Achieved revenue of ¥9.01 billion in 2025, up 22.13% year-over-year; net profit attributable to shareholders reached ¥2.62 billion, up 19.54%.

• MLCC and optical communication products drove significant sales growth, with strong demand in consumer electronics, automotive, and data center sectors.

• R&D investment increased by 12.07% to ¥653 million, representing 7.25% of revenue.

• Submitted application for H-share listing on the Hong Kong Stock Exchange to support global expansion and overseas project funding.

Financial highlights

• Revenue: ¥9.01 billion, up 22.13% year-over-year; net profit attributable to shareholders: ¥2.62 billion, up 19.54%.

• Gross margin: 42.14%, down 0.84 percentage points year-over-year.

• Operating cash flow: ¥2.88 billion, up 19.74% year-over-year.

• Basic and diluted EPS: ¥1.37, up 20.18% year-over-year.

• Total assets: ¥26.51 billion, up 10.83% from previous year-end.

Outlook and guidance

• Plans to enhance MLCC product quality and performance, expand large-size and high-capacity products, and deepen cooperation with server and automotive electronics clients.

• Accelerate sales of semiconductor ceramic components and bioceramics, and expand into new applications.

• Continue to improve internal management, automation, and cost control to increase market share.

• Advance overseas subsidiary expansion and attract international talent.