Estun Automation (002747) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached ¥2.55 billion, up 17.50% year-over-year, with net profit attributable to shareholders at ¥6.68 million, a turnaround from a loss last year.

• Industrial robots and intelligent manufacturing systems revenue grew 26.54% to ¥2.09 billion, while automation core components revenue declined 11.50% to ¥456 million.

• Domestic revenue rose 25.31% to ¥1.80 billion, and overseas revenue increased 2.18% to ¥749 million.

Financial highlights

• Gross margin was 27.64%, down 1.69 percentage points year-over-year; industrial robots and intelligent manufacturing systems margin was 27.00%, and automation core components margin was 30.58%.

• EBITDA reached ¥180.92 million, up 173.04% year-over-year.

• Operating cash flow improved to -¥119.48 million, a 65.08% year-over-year improvement.

• R&D investment was ¥235 million, accounting for 9.21% of revenue.

Outlook and guidance

• The company will continue to focus on core business, strengthen cost control, and expand high-value overseas markets.

• Strategic focus remains on high-end applications, AI integration, and global expansion.