Do-Fluoride New Materials (002407) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was ¥2.10 billion, down 2.09% year-over-year, while net profit attributable to shareholders rose 69.24% to ¥64.73 million.

• Adjusted net profit (excluding non-recurring items) surged 190.55% year-over-year to ¥20.84 million.

• Operating cash flow improved significantly but remained negative at -¥210.69 million, compared to -¥653.29 million a year ago.

Financial highlights

• Total assets at Q1-end were ¥24.14 billion, up 2.98% from year-end 2024.

• Shareholders’ equity remained stable at ¥8.51 billion.

• Basic EPS doubled year-over-year to ¥0.06; diluted EPS rose to ¥0.05.

• Gross margin improved as cost controls offset lower revenue.

Outlook and guidance

• Management highlighted increased investment income and improved cash flow, but noted ongoing challenges from higher financial expenses and reduced tax incentives.