Shaanxi Lighte Optoelectronics Material (688150) Q1 2025 earnings summary

Executive summary

• Q1 revenue reached a record ¥144.90 million, up 27.03% YoY; net income reached a record ¥60.87 million, up 39.90% YoY.

• Growth was driven by higher OLED terminal-material sales, while gross and net margins improved YoY through production-process optimization and cost controls.

Financial highlights

• Revenue was ¥144.90 million vs. ¥114.07 million YoY; operating profit was ¥70.81 million vs. ¥46.99 million.

• Net income was ¥60.87 million, up 39.90% YoY; adjusted for non-recurring items, net income was ¥58.07 million, up 49.78%.

• Operating cash flow rose 22.51% YoY to ¥27.58 million; total assets were ¥2.18 billion, up 2.96% from year-end.

Segment performance

• OLED terminal-material revenue increased 30.59% YoY, supported by rising demand and gains in market share.