Hangzhou Silan Microelectronics (600460) Q3 2025 earnings summary

Executive summary

• Achieved revenue of ¥3.38 billion in Q3 2025, up 16.88% year-over-year and 1.23% sequentially.

• Net profit attributable to shareholders reached ¥84.27 million in Q3, a 56.62% year-over-year increase.

• Nine-month revenue totaled ¥9.71 billion, up 18.98% year-over-year; net profit surged 1,108.74% to ¥349.07 million.

• Cash flow from operations for the first nine months was ¥1.20 billion, up 722.37% year-over-year.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.05, up 66.67% year-over-year; nine-month EPS was ¥0.21, up 950%.

• Gross margin and operating margin remained stable despite pricing pressure and rising costs.

• Total assets at Q3-end were ¥25.17 billion, up 1.51% from year-end 2024.

• Shareholders’ equity was ¥11.94 billion, down 2.24% from year-end 2024.

Outlook and guidance

• Q4 revenue expected to continue growing, with all major chip production lines running at full capacity.

• SiC power device output to increase significantly in Q4.

• Company to focus on R&D, capacity expansion, and brand building to support IDM model advancement.