Nsing Technologies (300077) Q1 2025 earnings summary

Executive summary

• Revenue increased 31.87% year-over-year to ¥304 million, driven by higher sales in integrated circuits and anode materials.

• Net loss attributable to shareholders narrowed by 71.43% year-over-year to ¥21.38 million.

• Adjusted net loss (excluding non-recurring items) was ¥25.48 million, a 57.43% improvement year-over-year.

Financial highlights

• Operating cash flow was negative ¥83.97 million, down 32.88% year-over-year due to increased cash outflows for goods.

• Total assets at quarter-end were ¥3.66 billion, down 1.50% from year-end 2024.

• Shareholders’ equity decreased 2.14% to ¥968 million compared to year-end 2024.

• Basic and diluted EPS improved to -0.04 from -0.13 year-over-year.

Outlook and guidance

• Semiconductor industry showed signs of recovery as downstream inventory normalized and new customer/application development progressed.