Opple Lighting (603515) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 1.69 billion, down 0.59% year-over-year; year-to-date revenue reached RMB 4.91 billion, down 3.16% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 208 million, down 12.22% year-over-year; year-to-date net profit was RMB 577 million, down 7.17% year-over-year.

• Operating cash flow for the first nine months was RMB 182 million, a decrease of 39.22% year-over-year.

Financial highlights

• Gross margin for the first nine months was 38.2%, slightly up from 38.1% in the prior year.

• Basic and diluted EPS for Q3 was RMB 0.28, down 9.68% year-over-year; year-to-date EPS was RMB 0.78, down 6.02%.

• Total assets at Q3-end were RMB 9.27 billion, down 4.21% from the previous year-end.

• Shareholders’ equity at Q3-end was RMB 6.66 billion, down 0.97% from the previous year-end.

Outlook and guidance

• Management commentary and guidance for future quarters were not included in the report.