Huaqin (603296) Q1 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2025 earnings summary
30 Sep, 2026Executive summary
Revenue surged 115.65% year-over-year to RMB 34.998 billion, driven by expansion in high-performance computing products.
Net profit attributable to shareholders rose 39.04% year-over-year to RMB 841.99 million.
Basic EPS increased 40% to RMB 0.84, and diluted EPS rose 38.33% to RMB 0.83.
Financial highlights
Operating cash flow turned negative at -RMB 1.41 billion, compared to RMB 990 million last year, mainly due to increased cash outflows for goods purchases.
Total assets grew 6.94% from year-end to RMB 81.59 billion; shareholders’ equity up 3.79% to RMB 23.40 billion.
Non-recurring profit items contributed RMB 81.29 million, including government grants and asset disposals.
Outlook and guidance
Revenue and profit growth attributed to scaling of high-performance computing business.
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