Circuit Fabology Microelectronics Equipment Co (688630) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months reached RMB 933.50 million, up 30.03% year-over-year, driven by product development, customer expansion, and overseas market growth.

• Net profit attributable to shareholders was RMB 198.81 million, a 28.20% increase year-over-year, reflecting higher sales and strategic focus on mid-to-high-end products and international markets.

• R&D investment totaled RMB 88.36 million, accounting for 9.47% of revenue, supporting ongoing innovation.

Financial highlights

• Operating income for Q3 was RMB 279.17 million, up 3.98% compared to the same quarter last year.

• Total profit for the first nine months was RMB 219.92 million, up 32.54% year-over-year.

• Basic and diluted EPS for the first nine months were both RMB 1.51, up 27.97% year-over-year.

• Gross margin improved as sales of higher-end products increased.

• Net cash flow from operating activities was negative RMB 35.72 million, an improvement of 13.88% year-over-year.

Outlook and guidance

• Continued focus on expanding overseas markets and developing mid-to-high-end products is expected to drive future growth.