SG Micro (300661) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 789.56 million, up 8.3% year-over-year; net profit attributable to shareholders was RMB 59.77 million, up 9.9% year-over-year.

• Operating cash flow turned positive to RMB 91.71 million from a negative RMB 7.24 million in Q1 2024.

• Excluding non-recurring items, net profit dropped 32.68% year-over-year to RMB 33.96 million.

Financial highlights

• Gross margin and detailed cost breakdown not specified, but operating costs rose in line with revenue.

• Basic EPS was RMB 0.1262, up from RMB 0.1158 year-over-year.

• Total assets at quarter-end were RMB 5.88 billion, up 1.95% from year-end 2024.

• Shareholders' equity decreased 0.94% to RMB 4.57 billion.

• Significant increase in short-term and long-term borrowings, up 65.68% and 62.75% respectively.

Outlook and guidance

• No explicit forward-looking guidance provided, but management commentary highlights focus on operational efficiency and cash flow improvement.