Nsing Technologies (300077) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥631.89 million, up 22.74% year-over-year, with net loss narrowing by 72.54% to ¥36.78 million.

• Integrated circuit and negative electrode materials segments both saw double-digit sales growth and improved gross margins.

• Cash flow from operations improved significantly, and R&D investment remained robust at ¥108.90 million.

Financial highlights

• Operating income: ¥631.89 million, up 22.74% year-over-year.

• Net loss attributable to shareholders: ¥36.78 million, a 72.54% reduction year-over-year.

• Gross margin for integrated circuits: 31.15%; for negative electrode materials: 9.33%.

• Cash flow from operations: -¥52.30 million, improved by 45.63% year-over-year.

• Total assets at period end: ¥3.59 billion; equity: ¥999.44 million.

Outlook and guidance

• Anticipates continued growth in semiconductor and battery materials markets, driven by AI, IoT, and new energy vehicles.

• Plans to deepen AI, edge computing, and industrial control chip development, and expand high-end negative electrode materials.

• Focus on cost reduction, efficiency improvement, and new product R&D to enhance competitiveness.