Gpixel Changchun Microelectronics (3277) H2 2025 earnings summary

Executive summary

• Revenue grew from RMB 604.8 million in 2023 to RMB 856.5 million in 2025, with strong profit growth and margin expansion.

• Net profit attributable to owners increased from RMB 174.2 million in 2023 to RMB 294.2 million in 2025.

• The company operates in CMOS image sensors and related custom services, with a single reportable segment.

Financial highlights

• Revenue increased 41.6% over two years, with 2025 revenue at RMB 856.5 million.

• Gross profit margin improved from 63.5% in 2023 to 66.9% in 2025.

• Net profit margin rose from 28.1% in 2023 to 34.4% in 2025.

• Basic and diluted EPS increased from RMB 0.47 in 2023 to RMB 0.80 in 2025.

• Operating cash flow reached RMB 466.3 million in 2025, up from RMB 208.3 million in 2023.

Outlook and guidance

• As of 31 December 2025, RMB 270.8 million in transaction prices were allocated to remaining performance obligations, indicating a strong order backlog.

• Advances from customers for customized sensor solutions increased significantly in 2025, supporting future revenue.