Circuit Fabology Microelectronics Equipment Co (688630) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 242.24 million, up 22.31% year-over-year.

• Net profit attributable to shareholders was RMB 51.87 million, a 30.45% increase year-over-year.

• Excluding non-recurring items, net profit rose 40.23% year-over-year.

• Gross margin improvement and reduced expenses contributed to profit growth.

Financial highlights

• Operating cash flow remained negative at -RMB 31.31 million, but improved from -RMB 34.34 million a year ago.

• Basic and diluted EPS were both RMB 0.39, up 30% year-over-year.

• Total assets at quarter-end were RMB 2.83 billion, up 1.59% from year-end 2024.

• Shareholders’ equity increased 2.51% to RMB 2.11 billion.

Outlook and guidance

• Expansion in overseas markets led to higher sales expenses.

• Continued focus on R&D, though R&D spending decreased 7.04% year-over-year.