Shandong Sinocera Functional Material (300285) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥2.15 billion, up 10.29% year-over-year; net profit attributable to shareholders was ¥332 million, up 0.38% year-over-year.

• Cash flow from operating activities surged 116.11% year-over-year to ¥333 million.

• The company operates six major business segments: electronic materials, catalytic materials, biomedical materials, new energy materials, precision ceramics, and digital printing/other materials.

• Proposed interim dividend: RMB 0.50 per 10 shares, with a base of 991,287,699 shares.

Financial highlights

• Operating income: ¥2,154 million (+10.29% YoY); net profit attributable to shareholders: ¥332 million (+0.38% YoY).

• Net profit after non-recurring items: ¥321 million (+4.10% YoY).

• Basic and diluted EPS: ¥0.33 (flat YoY).

• Gross margin by segment: Biomedical materials 52.18%, Catalytic materials 41.80%, Electronic materials 32.97%, New energy materials 21.19%, Digital printing/other 37.42%.

• Cash and cash equivalents at period end: ¥633 million.

Outlook and guidance

• The company will continue to expand in MLCC, catalytic, and biomedical materials, focusing on high-end and international markets.

• Plans to accelerate new product development in solid-state battery materials and precision ceramics.

• Expects further growth in digital printing and textile inks, with overseas expansion as a key driver.