Hangzhou Silan Microelectronics (600460) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥13.05 billion in 2025, up 16.32% year-over-year; net profit attributable to shareholders was ¥398.55 million, up 81.27% year-over-year.

• Operating profit reached ¥154.73 million, reversing a loss in 2024; cash flow from operations increased 238.44% year-over-year.

• Board proposes a cash dividend of ¥0.08 per share, totaling ¥133.13 million.

Financial highlights

• Revenue: ¥13.05 billion (+16.32% YoY); net profit: ¥398.55 million (+81.27% YoY).

• Operating cash flow: ¥1.50 billion (+238.44% YoY); basic EPS: ¥0.24 (+84.62% YoY).

• Gross margin stable at 19.36%; R&D investment was ¥1.17 billion, 8.98% of revenue.

• Net assets at year-end: ¥11.97 billion; total assets: ¥26.77 billion.

Outlook and guidance

• 2026 revenue expected to reach ¥15.5 billion, a 19% increase; cost control and R&D investment to rise by 15%.

• Focus on expanding high-end analog, power semiconductors, MEMS sensors, and SiC/GaN devices.

• Ongoing major capex projects in SiC, 12-inch analog, and automotive semiconductor lines.