MeiG Smart Technology (002881) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached ¥1.89 billion, up 44.5% year-over-year, with net profit attributable to shareholders at ¥84.17 million, a 156% increase year-over-year.

• Gross margin improved to 13.3% from 11.6% in the prior year, reflecting better cost control and product mix.

• Basic and diluted EPS were both ¥0.32, compared to ¥0.13 in the same period last year.

Financial highlights

• Operating income was ¥92.90 million, up from ¥40.86 million year-over-year.

• Total assets at June 30, 2025, were ¥3.00 billion, with total liabilities of ¥1.38 billion and equity of ¥1.62 billion.

• Cash and cash equivalents at period end were ¥348.71 million.

• Operating cash flow was negative at -¥83.98 million, mainly due to increased inventory and receivables.

Outlook and guidance

• Management expects continued growth in wireless communication modules and IoT solutions, leveraging R&D investments and expanding international markets.