NAURA Technology Group (002371) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥16.14 billion, up 29.51% year-over-year, with net profit attributable to shareholders at ¥3.21 billion, up 14.97% year-over-year.

• Gross margin for electronic process equipment was 41.70%, and for electronic components 50.43%.

• Major acquisition of a controlling stake in Shenyang Piotech, enhancing product line and market competitiveness.

• R&D investment rose 30.01% year-over-year to ¥2.92 billion, with over 9,900 patent applications and 5,700 granted.

Financial highlights

• Operating income: ¥16.14 billion, up 29.51% year-over-year.

• Net profit attributable to shareholders: ¥3.21 billion, up 14.97% year-over-year.

• Operating cash flow: -¥3.19 billion, a significant decrease due to increased R&D, orders, and M&A outflows.

• Total assets: ¥84.34 billion, up 27.09% from year-end 2024.

• Basic EPS: ¥4.45, up 14.23% year-over-year.

Outlook and guidance

• Focus on expanding semiconductor equipment and electronic components, with continued high R&D investment.

• Integration of Piotech expected to drive product synergy and market share.

• Ongoing risk management in supply chain, technology, and market demand volatility.