Nsing Technologies (300077) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥326.43 million, up 6.62% year-over-year; year-to-date revenue was ¥958.32 million, up 16.73% year-over-year.

• Net loss attributable to shareholders for Q3 was ¥36.96 million, a decline of 139.85% year-over-year; year-to-date net loss was ¥73.74 million, narrowing by 50.63% year-over-year.

• Excluding non-recurring items, Q3 net loss was ¥44.66 million, down 71.39% year-over-year; year-to-date adjusted net loss was ¥87.81 million, improving by 19.01% year-over-year.

Financial highlights

• Gross margin improved as revenue grew 16.73% year-over-year, with gross profit up 16.89%.

• Basic and diluted EPS for Q3 were both -0.07, down 133.33% year-over-year; year-to-date EPS was -0.13, improving by 50%.

• Net cash flow from operating activities for the first nine months was -¥178.58 million, nearly flat year-over-year.

• Total assets at quarter-end were ¥3.57 billion, down 3.96% from the previous year-end.

• Shareholders’ equity was ¥961.76 million, down 2.79% from year-end.

Outlook and guidance

• Management highlighted ongoing improvements in profitability and cost control, with a focus on operational efficiency and project execution.