Shenzhen Fastprint Circuit Tech (002436) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥3.43 billion, up 18.91% year-over-year; net profit attributable to shareholders was ¥28.83 million, up 47.85% year-over-year.

• Gross margin improved to 18.45%, up 1.89 percentage points year-over-year.

• Operating cash flow was negative at -¥168.99 million, a significant decrease from the prior year.

• The company continues to focus on advanced PCB and semiconductor substrate businesses, with ongoing digital transformation and R&D investment.

Financial highlights

• Operating income: ¥3.43 billion, up 18.91% year-over-year.

• Net profit attributable to shareholders: ¥28.83 million, up 47.85% year-over-year.

• Net profit excluding non-recurring items: ¥46.74 million, up 62.50% year-over-year.

• Total assets: ¥14.99 billion, up 9.67% from year-end 2024.

• Net assets attributable to shareholders: ¥5.05 billion, up 2.32% from year-end 2024.

• Basic and diluted EPS: ¥0.02, up 100% year-over-year.

• Operating cash flow: -¥168.99 million, down 172.52% year-over-year.

Outlook and guidance

• The company expects continued growth in high-end PCB and semiconductor substrate markets, driven by AI, high-speed networking, and digital transformation.

• Ongoing focus on R&D, digital manufacturing, and expanding high-value product lines.

• Plans to optimize product structure and improve profitability, especially in the FCBGA substrate segment.